This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-33783345

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
US luxury retailer Neiman Marcus files for IPO US luxury retailer Neiman Marcus files for IPO
(35 minutes later)
US luxury retailer Neiman Marcus has announced plans to float in New York.US luxury retailer Neiman Marcus has announced plans to float in New York.
The department store operator filed plans for an IPO with US regulators and said it would use the $100m raised to repay some of its $4.7bn in debt.The department store operator filed plans for an IPO with US regulators and said it would use the $100m raised to repay some of its $4.7bn in debt.
After announcing plans to go public in 2013, it was bought by Ares Management and the Canada Pension Plan Investment Board for $6bn.After announcing plans to go public in 2013, it was bought by Ares Management and the Canada Pension Plan Investment Board for $6bn.
The two investment firms will retain majority control of the 100-year old company after the listing.The two investment firms will retain majority control of the 100-year old company after the listing.
Known for its wealthy clientele, Dallas-based Neiman Marcus owns 41 stores as well as Bergdorf Goodman on Manhattan's Fifth Avenue. and 42 Last Call outlets. Known for its wealthy clientele, Dallas-based Neiman Marcus owns 41 stores as well as Bergdorf Goodman on Manhattan's Fifth Avenue and 42 Last Call outlets.
In the filing, the company said that nearly 40% of its customers have a median household income of more than $200,000.In the filing, the company said that nearly 40% of its customers have a median household income of more than $200,000.
Neiman Marcus revenues rose 5% to $1.2bn in the three months to 2 May compared with the same period a year ago.Neiman Marcus revenues rose 5% to $1.2bn in the three months to 2 May compared with the same period a year ago.
It swung to a profit of $19.8m after posting a loss of $8m for the quarter last year.It swung to a profit of $19.8m after posting a loss of $8m for the quarter last year.