Tag Archives: Ares Management

Neiman Marcus Adds Three to Board

NeimanMarcus

DALLAS-Adam Brotman, Philippe Bourguignon and Vivek “Vic” Gundotra have been appointed to the Neiman Marcus board of directors. Brotman is chief Digital Officer for Starbucks, responsible for its core digital businesses including mobile and mobile payments, Web, card, loyalty, e-commerce, wi-fi and the Starbucks Digital Network. Bourguignon is vice chairman of Revolution Places and CEOMore »

Ares, Serta and Simmons Parent, Launches IPO

Ares Management

NEW YORK-Ares Management, one of the parent companies of mattress manufacturers Serta and Simmons and of retailer Neiman Marcus, has begun an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The filing did not specify how many shares are in the IPO, or the price per share, nor didMore »

Neiman Marcus Sold to Ares, Canada Pension Plan Investment Board

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TORONTO-Ares Management, co-owner of mattress manufacturers Serta and Simmons, has allied with the Canada Pension Plan Investment Board (CPPIB) to acquire Neiman Marcus Group from private-equity firms TPG Capital and Warburg Pincus for $6 billion. Under the terms of the deal, Ares and CPPIB will hold an equal interest in Neiman Marcus, and the retailer’sMore »