The owners of Neiman Marcus have sold the luxury retail giant for $6 billion, NYT's Dealbook reports.
The Dallas-based company will be sold to a group led by Ares Management and the Canada Pension Plan, with both entities holding equal stake in the company. Neiman, meanwhile, will still hold a minority stake.
Private equity firms Warburg Pincus and TPG Capital bought Neiman in 2005 for $4.1 billion.
There are currently 79 stores across the United States under the Neiman Marcus umbrella, including Bergdorf Goodman and its 35 "Last Call" outlet stores.