Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about PE Firms Shy Away From Struggling Retail Industry
Private Equity

PE Firms Shy Away From Struggling Retail Industry

by valuewalk.com posted 1year ago 511 views
The latest example came this week, when luxury clothing retailer Neiman Marcus opted to forego a sale to Canadian retailer Hudson’s Bay Company (TSX: HBC) after discussions reportedly broke down earlier this week, as first reported by The Wall Street Journal. The biggest impediment appears to be the Neiman Marcus’s massive debt load—it stands at $4.8 billion, per Reuters—that’s mounted since Ares Management and Canadian public pension fund CPPIB acquired it from TPG and Warburg Pincus in a 2013 deal worth $6 billion.