Neiman Marcus
Neiman Marcus is a 1907 in Dallas founded American Nobel purchase house chain , which by 2013 from 2005 owned by TPG Capital and Warburg Pincus was and since then two North American subsidiaries belongs. Via branches in the USA and its own online shop, the company mainly offers upscale clothing for women, men and children, as well as shoes , accessories , jewelry , cosmetics and furnishings in the upper price segment.
Company history
The department store chain was founded in 1907 by Herbert Marcus Sr. (1878–1950) and his sister Carrie Marcus Neiman (1883–1953) and their husband Abraham Lincoln Neiman (1875–1970) with a shop in Dallas . At that time, Neiman Marcus offered exclusive women's fashion, with the aim of offering the widest possible selection. In 1914 the imposing Neiman Marcus Building was opened in Dallas, which still functions as a flagship store today . In 1926 Herbert's son, Stanley Marcus (1905–2002), took over the department store. He established the first regular fashion show that was held weekly. In 1928, Carrie Marcus divorced AL Neiman and Herbert Marcus paid off the brother-in-law, leaving the company entirely in the hands of the Marcus family. From 1929 Neiman Marcus also included men's fashion in its range. The first Christmas Book appeared ten years later . From 1951 gift items were also offered. A second store in Dallas did not open until the early 1950s, with the first off-site store following in Houston in 1957 .
In 1938 the Neiman Marcus Award was launched (officially: The Neiman Marcus Award for Distinguished Service in the Field of Fashion ), which until the last award in 1995 was initially awarded annually and from 1973 at irregular annual intervals, mostly to several winners. This award, sometimes referred to as the "Oscar of Fashion", was not limited to American designers and was given to important personalities in the fashion industry - including Christian Dior (1947), Gloria Swanson (1950), Gracia Patricia von Monaco (1955), Coco Chanel (1957), Estée Lauder (1962), Valentino Garavani (1967), Judith Leiber and Karl Lagerfeld (1980) and Miuccia Prada (1995) - awarded.
The family business was sold to the Broadway Stores (Carter Hawley Hale Stores) in 1969 . Stanley Marcus then took over a position on the board of directors of the new owner and withdrew from the company in 1975. His son Richard Marcus (* 1938) led Neiman Marcus as CEO until 1988 . The first Neiman Marcus store outside of Texas opened in Florida in 1971 . In the following years stores in Atlanta , Beverly Hills , Chicago , San Francisco , Las Vegas and others followed. The company has also owned the two Bergdorf Goodman branches in Manhattan since 1972 . In 1987 the Neiman Marcus Group was founded. In 1988, Allen Questrom was the first non-family member to take over management of the company. In 2005, the listed Neiman Marcus Group was taken over by TPG Capital and Warburg Pincus for 5.1 billion dollars and the listing was subsequently discontinued . In 2006, the group for a younger female audience opened four fashion stores under the name CUSP by Neiman Marcus (Engl. Peak , peak ), of which there was the state in 2011 in part within Neiman Marcus stores, nine in the United States. A new IPO of Neiman Marcus has been in the air since the end of the 2000s, but has not yet been realized.
For decades , Neiman Marcus was known for accepting American Express in addition to the in-house credit card in its own branches for credit card payments . This practice was only relaxed in late 2011.
From 2001 to 2010, Burton 'Burt' Tansky (* 1937) was CEO of the Neiman Marcus Group. Under Tansky, Neiman Marcus' sales doubled compared to the 1990s. In 2008, revenues were $ 4.6 billion. Tanksy had headed Bergdorf Goodman since 1989 and had been CEO of Neiman Marcus from 1998. Karen W. Katz has been CEO of the Neiman Marcus Group and successor to Tansky since 2010 and has been with the company since 1985.
As of 2011, the company had 43 branches in the USA and 32 outlets under the names Neiman Marcus Last Call (fashion) and Horchow Finale (interior design) , mostly in factory outlet centers , with reduced-price goods. The online shop opened in 1999 and, like the website of fashion designer Michael Kors , is operated by a subsidiary called Neiman Marcus Direct .
In September 2013, the department store chain was taken over by the Canadian pension fund Canada Pension Plan Investment Board (CPPIB) and the US investment company Ares Management LLC for around 6 billion US dollars. The change of ownership was completed in late October 2013.
In 2014, Neiman Marcus bought the German fashion retailer Theresa from Munich, founded in 1987, and the associated online shop mytheresa.com for around 169 million euros. The Theresa fashion boutique for upscale women's fashion in Munich and the global online shop for luxury brands and designer fashion mytheresa.com have since been run by Neiman Marcus.
On May 7, 2020, the Neiman Marcus Group filed for Chapter 11 of the United States Code for bankruptcy . The trigger was a decline in sales as a result of the COVID-19 pandemic . However, some economic difficulties existed before that.
Neiman Marcus Christmas Book
Every year shortly before Christmas, Neiman Marcus comes into the focus of the general public through the Christmas Book , which has been offering unusual Christmas gifts since 1939. For example, in 2004 you could order from this catalog:
- Zeppelin (7.6 million euros)
- Necklace made of pink sapphires and diamonds (1.9 million euros)
- Two-person underwater jet (1.3 million euros)
- Appearance at the Grand Ole Opry in Nashville (19,000 euros)
In 1978, a version of the popular Monopoly board game made entirely of chocolate could be ordered from the Neiman Marcus Christmas catalog for $ 600.
See also
Web links
Individual evidence
- ^ Neiman Marcus sold for $ 6 billion to Canada Pension Plan, Ares reuters.com, September 9, 2013
- ^ Neiman Marcus Looks Beyond Amex to Accept Visa and MasterCard , americanbanker.com, October 27, 2011
- ^ Neiman Marcus' Burton Tansky is retiring as CEO , dallasnews.com, April 26, 2010
- ^ Neiman Marcus changes hands , handelsblatt.com, September 9, 2013
- ^ Ares Management and Canada Pension Plan Investment Board Complete Acquisition of Neiman Marcus Group , cppib.com, October 25, 2013
- ↑ MyTheresa grows by 38% ( memento of the original from April 26, 2016 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , textilwirtschaft.de, August 7, 2015
- ↑ The German icon among online shops , welt.de, October 21, 2014
- ↑ DIE WELT: Company acquisition: Neiman Marcus Group takes over mytheresa.com . In: THE WORLD . September 15, 2014 ( welt.de [accessed October 26, 2017]).
