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- Neiman Marcus Group
Neiman Marcus Group Acquisition, Valuation, Funding & Investors
Neiman Marcus Group was acquired by Saks Global for $2.7B in July 2024, a 0.6x multiple on $4.9B of revenue.
Neiman Marcus Group acquisition price
$2.7B
Acquired by Saks Global · Jul 2024
Neiman Marcus Group revenue at acquisition
$4.9B
Last twelve months · Jul 2024
Neiman Marcus Group revenue multiple at acquisition
0.6x
EV/Revenue · Jul 2024
Cumulative funding Neiman Marcus Group raised
$200M
across 1 funding round
About Neiman Marcus Group
Neiman Marcus Group owns and operates luxury department stores and off-price retailers including Neiman Marcus, Bergdorf Goodman, and Last Call. Dallas-headquartered since 1907, the group sells apparel, accessories, beauty products, and home goods from brands such as Chanel, Gucci, and Louis Vuitton across physical locations and online channels in the United States.
Founded
1907
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$4.9B (Jul 2024)
Valuation
$2.7B (acquired Jul 2024)
Neiman Marcus Group Acquisition
Neiman Marcus Group was acquired by Saks Global for $2.7B on 4 July 2024.
The acquisition price implies a 0.6x revenue multiple on $4.9B of revenue.
Before the acquisition Neiman Marcus Group had raised $200M across 1 funding round.
Saks Global, the U.S. division of Toronto-based Hudson’s Bay Company (HBC) and parent of Saks Fifth Avenue and Saks Off 5th, completed its $2.7 billion acquisition of Neiman Marcus Group on December 23, 2024. Neiman Marcus Group operates luxury department stores Neiman Marcus and Bergdorf Goodman, focusing on high-end fashion, personalized service, and upscale retail experiences. The deal, first announced in July 2024, unites Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Bergdorf Goodman under Saks Global, with each brand operating independently while aligning commercial functions to enhance customer experience and revenue. Financing included equity contributions from Amazon, Salesforce, Authentic Brands Group, and G-III Apparel Group, plus $2.2 billion in senior secured notes and an asset-based lending facility. Saks Global gained control of a combined $7 billion real estate portfolio from HBC’s U.S. assets and Neiman Marcus properties. Strategic rationale emphasizes data-driven innovation, AI personalization via Salesforce, customer-focused technology from Amazon, and multi-brand growth potential across retail, digital, hospitality, real estate, art, and travel through the Authentic Luxury Group joint venture with Authentic Brands. Leadership features Marc Metrick as CEO of Saks Global Operating Group, Ian Putnam as CEO of Saks Global Properties & Investments, both reporting to Executive Chairman Richard Baker; Tracy Margolies as Bergdorf Goodman president; Emily Essner as President & Chief Commercial Officer; and Bill Bine as Chief Transformation Officer from Neiman Marcus. The merger positions Saks Global as a luxury retail powerhouse amid competitive pressures from Nordstrom and Amazon, aiming to redefine shopping through prime real estate and operational synergies while HBC’s Canadian business operates separately.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 4 Jul 2024 | Strategic M&A | $2.7B | 0.6x |
Neiman Marcus Group Funding History
Neiman Marcus Group has raised a total of $200M across 1 funding round.
Neiman Marcus Group funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2022 | Strategic investment | Farfetch (lead) | $200M | Farfetch, the luxury online marketplace, announced a global strategic partnership with Neiman Marcus Group in April 2022, making a minority common equity investment of $200 million in the department store company that operates Neiman Marcus and Bergdorf Goodman banners. The investment was closed in 2023, approximately one year after the initial announcement. As part of the partnership, Neiman Marcus Group committed to using Farfetch Platform Solutions (FPS) technology to re-platform Bergdorf Goodman's website and mobile application, expand its global capabilities, and both retailers were to join the Farfetch Marketplace as partners. Neiman Marcus Group planned to invest the $200 million capital injection into technology priorities including the retailer's Connect platform, the acquisition of Stylyze, and new digital labs. The partnership later faced significant changes when Neiman Marcus Group announced in February 2025 that it would abandon plans to use Farfetch's e-commerce software and would not join Farfetch's marketplace, following Coupang's acquisition of Farfetch's assets. Despite this shift in commercial arrangements, Farfetch has remained as a minority investor in Neiman Marcus Group. |
Who has invested in Neiman Marcus Group?
1 investor has backed Neiman Marcus Group across its funding rounds, including Farfetch.
Lead investors include Farfetch.
Neiman Marcus Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Neiman Marcus Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Neiman Marcus Group
Neiman Marcus Group has acquired 2 companies to date.
Last acquisition by Neiman Marcus Group was on June 16th 2021. Neiman Marcus Group acquired Stylyze for undisclosed valuation.
Latest Acquisitions by Neiman Marcus Group
| Description | Stylyze is a San Francisco-headquartered personalized discovery platform matching customers with lifestyle products via color and style preferences. Users build virtual wardrobes and receive recommendations for clothing and home goods from partnered retailers. The service employs image recognition to suggest cohesive ensembles. Operating since 2020, Stylyze targets direct-to-consumer brands in apparel and decor. | mytheresa.com is a Munich-headquartered luxury e-commerce destination that curates collections from over 200 high-end brands including Gucci, Prada, and Saint Laurent for global fashion enthusiasts. Launched in 2006, it provides 24/7 access to womenswear, menswear, kidswear, and accessories with seamless international shipping to more than 100 countries. The platform emphasizes editorial content, personal styling services, and VIP customer support to deliver a premium online shopping experience. |
| HQ Country | ||
| HQ City | Seattle, WA | Munich |
| Deal Date | 16 Jun 2021 | 15 Sep 2014 |
| Valuation | undisclosed | $162M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Neiman Marcus Group acquisitions and their M&A valuation multiples. Start Free Trial | ||
Neiman Marcus Group Competitors
Neiman Marcus Group competitors include listed companies like Henan Liliang Diamond, Assaí Atacadista, Lulu Retail and Grupo Dia, and private ones like Christian Louboutin and Ermenegildo Zegna Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $94M | $47M | $2.7B | - | ||
| Publicly listed | $15B | $949M | $2.6B | 0.5x | ||
| Publicly listed | $7.9B | $776M | $2.6B | 0.7x | ||
| Private | - | - | $2.6B | - | ||
| Publicly listed | $6.6B | $538M | $2.9B | 0.5x | ||
| Private | - | - | $3.2B | - |
Neiman Marcus Group Public Comps
Neiman Marcus Group is no longer listed, but its public comps include Henan Liliang Diamond, Assaí Atacadista, Lulu Retail, Grupo Dia, Lotte Shopping, Alfamart, Shinsegae, B&M, Grupo Mateus and Shufersal.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $94M | $47M | 24.0x | - | 47.9x | - | |||
| $15B | $949M | 0.5x | 0.5x | 7.4x | 6.0x | |||
| $7.9B | $776M | 0.7x | 0.7x | 6.7x | 6.9x | |||
| $6.6B | $538M | 0.5x | 0.5x | 6.7x | 7.2x | |||
| $10B | $1.2B | 1.2x | 1.2x | 10.6x | 10.3x | |||
| $7.1B | $500M | 0.4x | 0.4x | 6.1x | 6.5x | |||
| $5B | $576M | 1.3x | 1.3x | 11.6x | 7.7x | |||
| $7.8B | $898M | 0.8x | - | 6.7x | - | |||
This data is available for Pro users. Sign up to see all Neiman Marcus Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Neiman Marcus Group
| When was Neiman Marcus Group founded? | Neiman Marcus Group was founded in 1907. |
| Where is Neiman Marcus Group headquartered? | Neiman Marcus Group is headquartered in Dallas, TX, United States. |
| Is Neiman Marcus Group publicly listed? | No, Neiman Marcus Group was acquired by Saks Global in July 2024. |
| Who acquired Neiman Marcus Group? | Neiman Marcus Group was acquired by Saks Global in July 2024. |
| How much was Neiman Marcus Group acquired for? | Neiman Marcus Group was acquired for $2.7B in July 2024, a 0.6x revenue multiple. |
| How much funding has Neiman Marcus Group raised? | Neiman Marcus Group has raised $200M across 1 funding round. |
| What was Neiman Marcus Group's last funding round? | Neiman Marcus Group's last funding round was a $200M strategic investment round in April 2022, led by Farfetch. |
| Who are Neiman Marcus Group's investors? | Neiman Marcus Group's investors include Farfetch. |
| Which companies are comparable to Neiman Marcus Group? | Companies comparable to Neiman Marcus Group include Henan Liliang Diamond, Assaí Atacadista, Lulu Retail, Christian Louboutin, Grupo Dia and Ermenegildo Zegna Group. |
| How many companies has Neiman Marcus Group acquired? | Neiman Marcus Group has acquired 2 companies, including Stylyze and mytheresa.com. |
| What was the largest acquisition by Neiman Marcus Group? | The $162M acquisition of mytheresa.com in September 2014 is the largest acquisition Neiman Marcus Group has made to date. |
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