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Multichannel

Will new owners bring Neiman Marcus and Saks into the future of retail?

September 10, 2013

 

By Erin Shea

The Neiman Marcus Group Inc. was purchased for $6 billion by investment firm Ares Management and the Canada Pension Plan Investment Board Sept. 9, which makes this the second United States-based department store after Saks Fifth Avenue that has new Canadian owners.

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