WWD released a breaking headline to announce that Texas Pacific Group and Warburg Pincus have bought Neiman Marcus. The fabulous luxury department store was bought for a reported $5.1 BILLION. Wow, that is a lot of money, but Neimans is well worth the investment. Yeah TPG (who also own JCrew and helped seriously turn that brand around).
Around The Web
'Zoolander 2' Review: Ben Stiller's Much-Anticipated Sequel to the Classic 2001 Fashion World Spoof Is Silly, Ridiculous Fun
POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.