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Neiman Marcus eyes putting itself on sale
The retailer stock jumped on the news, as investors considered the prospect of a bidding war for the company. Neiman Marcus Class A shares rose $11.29, or 15 percent, to $86.04; and Class B shares rose $12.60, or 17 percent, to $84.80 both 52week highs yesterday on the New York Stock Exchange.
Shares of Neiman Marcus have roughly tripled in the past two years, as Neiman wellheeled customers have been among the first to benefit from an improving economy, snapping up such items as Prada handbags and Manolo Blahnik shoes.
"Certainly Neiman is at the top of their game, and if ever there were a time to sell, this would be it," said Allan Ellinger, senior managing director at MMG, a New York investment banking company that specializes in the apparel industry.
Michael Appel, a retail expert at the corporate restructuring firm Quest Turnaround Advisors, said Neiman 81yearold chairman, Richard A. Smith, and his family who together controlled 12.7 percent of the company common stock in November are sharp investors who have watched a flurry of other acquisitions and wonder if they can cash in.
"They are probably testing the marketplace, where there is a lot of capital chasing not that many great deals," Appel said. luxury retailer.
Last year, the company earned $205 million nearly double the year before, while sales rose 14 percent to $3.55 billion. Neiman Marcus samestore sales sales at stores opened at least a year continue to beat Wall Street forecasts. Samestore sales in February rose a betterthanexpected 7.7 percent from a year earlier.
The Neiman announcement comes as dealmaking mania appears to be taking hold in the retail sector. Federated Department Stores Inc. has agreed to buy May Department Stores Co., and Saks Inc. may sell or spin off its middlemarket department store division in order to concentrate on its luxury unit, Saks Fifth Avenue.
Analysts said potential buyers for Neiman could include European luxury goods makers such as LVMH Moet Hennessy Louis Vuitton SA, North American privateequity firms or Asian investors.
Since its founding in 1907, Neiman Marcus has endeared itself to wealthy shoppers by sparing no expense to fill its stores with topquality women and men fashions, jewelry and other luxury goods. The stores have been known to dote on shoppers,[url=http://www.sport.fr/business/louisvuitton.html]sac louis vuitton[/url], putting on lavish special events and maintaining high levels of service.
The prices are also lofty, leading to the chain sobriquet, "Needless Markup."
Neiman Marcus Group operates 35 Neiman Marcus stores but plans to close a Houston location in September. It also owns two Bergdorf Goodman stores, 14 Neiman clearance centers, plus catalog and Internet businesses under the Neiman Marcus, Bergdorf Goodman and Horchow brands.

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the Changsha Changsha recently,[link widoczny dla zalogowanych], the intermediate people's Court (hereinafter referred to as the Changsha hospital) revised the "Changsha City Intermediate People's Court of entrusting audit,[link widoczny dla zalogowanych], identification,[link widoczny dla zalogowanych], assessment, auction management institutions of society" (hereinafter referred to as the "management measures").
according to the "Regulations", the court entrusted appraisal,[link widoczny dla zalogowanych], auction mechanism to further strengthen the selected conditions, such as in the auction mechanism establishment approval documents issued by institutions in the auction should be relevant departments and industrial and commercial business license and other conditions,[link widoczny dla zalogowanych], should also be "registered in the institutions,[link widoczny dla zalogowanych], hold the auctioneer qualification certificate issued by China the auction industry association Chinese auction industry practitioners two".
is selected and the preparation of the court commissioned external identification,[link widoczny dla zalogowanych], auction orgnaization register, will be performed by intermediate people's court trial management office, Department of justice, Department review committee, the reporting institutions, from the level of qualification, occupation reputation,[link widoczny dla zalogowanych], business performance, practitioners and other aspects of the review, scoring,[link widoczny dla zalogowanych], according to the scores after the first instance, publicity,[link widoczny dla zalogowanych], the review determined to enter the list of institutions. Identification of the auction mechanism,[link widoczny dla zalogowanych], and selected will assume a more clear responsibility and obligation,[link widoczny dla zalogowanych], especially to strengthen the identification, the auction time limit provisions. Reporter Ren Wenjing correspondent Ma Baihua Wang Lifu相关的主题文章：

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"I this several times to communicate with them, play more than two minutes phone, they do not have a formal apology." Mr Yang did not know manufacturers blacklist hat to wear long, but let the fear is beyond their own information security, as well as tariff will incur additional charges unreasonable.