Neiman Marcus Files for IPO; Looks to Expand Outlet Center Format

Luxury department store operator Neiman Marcus on Monday disclosed plans for a proposed public offering of up to $100 million. The retailer's plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.