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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Neiman Marcus to pursue sovereign-fund buyer

Posted on 13 May 2013

Neiman Marcus Group Inc. is planning overtures to a handful of sovereign-wealth funds about a possible buyout of the luxury retailer, said people familiar with the deliberations.
Dallas-based Neiman plans to contact funds including the Government of Singapore Investment Corp., the Kuwait Investment Authority and the Qatar Investment Authority to gauge interest in buying the century-old department-store chain, the people said. The plans are at an early stage, the people said, and a sale may not materialize……………………………………Full Article: Source


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