TrafficCourt

Claire's Inc. Files for IPO, Neiman Marcus May Follow Suit

RSS

The number of planned retail IPOs continues to grow this year, as Bloomberg reports that Neiman Marcus owners TPG Captial and Warburg Pincus have started shopping around for banks to handle an IPO potentially worth $8 billion for the luxury department store chain. TPG and Warburg bought Neiman Marcus for $5.1 billion in 2005 and have already held on to the retailer much longer than they anticipated, the Bloomberg article notes.

Meanwhile, last week teen accessories seller Claire's Inc. filed for a $100 million IPO, according to Crain's Chicago Business. Apollo Management bought the chain in 2007 for $3.1 billion. Claire's currently operates 3,477 stores.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×