IS THE CANADIAN PENSION PLAN SAFE?

AFTER THE NEIMAN MARCUS BANKRUPTCY

CPP IS THE OWNER





With Neiman Marcus bankruptcy, CPPIB's investment wiped out
https://www.pressreader.com › canada › the-globe-and-mail-bc-edition
1 hour ago - CPPIB partnered with Los Angeles-based Ares Management to buy Neiman Marcus, which also owns Bergdorf Goodman and the Last Call ...


News Today | Neiman Marcus Bankruptcy: Debt And ...
https://www.facttehz.com › News Today › trend › World news
6 hours ago - News Today | Neiman Marcus Bankruptcy: Debt And Coronavirus Aren't ... in the present day's chapter submitting a “blow” to Ares and CPPIB.




Neiman Marcus's bankruptcy filing wipes out Canada Pension ...
https://www.theglobeandmail.com › business › article-neiman-marcuss-ban...
17 hours ago - Neiman Marcus, not CPPIB and Ares, was the borrower. Leveraged buyouts are a large part of CPPIB's private equity investing program. The ...


CPP-owned retailer Neiman Marcus files for bankruptcy ...
https://www.nationalnewswatch.com › 2020/05/07 › retailer-neiman-marcu...
20 hours ago - Luxury retail chain was bought by consortium that includes Canada Pension Plan Investment Board in 2013. Neiman Ma\rcus, the 112-year-old ...


Neiman Marcus Bankruptcy: Debt And Coronavirus Aren't The ...
https://www.forbes.com › sites › pamdanziger › 2020/05/07 › neiman-mar...
21 hours ago - The Wall Street Journal calls today's bankruptcy filing a “blow” to Ares and CPPIB.

Neiman Marcus Files for Bankruptcy, Plus More Retailers ...
https://people.com › Style
21 hours ago - Neiman Marcus Files for Bankruptcy, Plus More Retailers Facing Financial ... Corp and Canada Pension Plan Investment Board (CPPIB).

ytheresa Distances Itself From Bankrupt Parent Neiman ...
https://www.pressenterpriseonline.com › bfegshop › business › retail › myt...
22 hours ago - Why Mytheresa Is Not Part of Parent Neiman Marcus' Bankruptcy ... with about $6 billion in debt after its 2013 purchase by Ares and the CPPIB.


Friday, May 8, 2020 from Luxury Daily Register now for Luxury ...
feed.informer.com › widgets
Thursday, May 7, 2020 from CPP-LUXURY. Neiman Marcus Group filed for Chapter 11 bankruptcy Thursday in Texas, becoming the highest-profile retail ...

APRIL

Exclusive: Investors to challenge Neiman Marcus bankruptcy ...
https://www.channelnewsasia.com › news › business › exclusive--investors...
Apr 28, 2020 - CPPIB did not immediately respond to a request for comment. Like other brick-and-mortar department store operators, Neiman Marcus struggled ...

Neiman Marcus Becomes Covid-19's First Major Retail Casualty
https://finance.yahoo.com › news › neiman-marcus-becomes-covid-19s-22...
Apr 24, 2020 - (NYSE:ARES) and the Canada Pension Plan Investment Board (CPPIB), is preparing to file for bankruptcy after missing a $72 million interest ...

Will Neiman Marcus Sting CPPIB and OMERS? - Pension Pulse
https://pensionpulse.blogspot.com › 2020/04 › will-neiman-marcus-sting-c...
Apr 24, 2020 - Neiman Marcus could file for bankruptcy as soon as Sunday and is in talks with its current lenders about raising roughly $600 million in ...

Should Neiman Marcus Exist? – Texas Monthly
https://www.texasmonthly.com › More Stories › News
Apr 24, 2020 - Luxury specialty stores—like Neiman Marcus, its sister brand Bergdorf ... acquired the Neiman Marcus Group (comprising Neiman's itself, its Last ... a handsome exit by selling to Ares Management and the CPPIB for $6 billion.

Virus hit Neiman Marcus to file for bankruptcy, owes US$4.8bil ...
https://www.klsescreener.com › news › view › virus-hit-neiman-marcus-to-...
Apr 20, 2020 - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this ... Corp and Canada Pension Plan Investment Board (CPPIB).

Neiman Marcus to File for Bankruptcy | Voice of America ...
https://www.voanews.com › covid-19-pandemic › neiman-marcus-file-ban...
Apr 19, 2020 - Neiman Marcus and Ares declined to comment, while CPPIB representatives did not immediately respond to requests for comment. Other ...

Exclusive: Neiman Marcus to file for bankruptcy as soon as ...
https://www.reuters.com › article › us-neimanmarcus-bankruptcy-exclusive
Apr 19, 2020 - Neiman Marcus and Ares declined to comment, while CPPIB representatives did not immediately respond to requests for comment. The signage ...

Neiman Marcus may seek bankruptcy protection | CBC News
https://www.cbc.ca › news › business › neiman-marcus-1.5520199
Apr 3, 2020 - Canada's national pension plan CPP was part of a group that bought Neiman Marcus for $6 billion US in 2013. The retailer is considering filing ...


HUFFINGTON POST CANADA CPPIB STORIES
https://www.huffingtonpost.ca/news/cppib/

CPP Investment Board - Wikipediahttps://en.wikipedia.org › wiki › CPP_Investment_Board
The Canada Pension Plan Investment Board operating as CPP Investments (French: RPC ... Notable investments include 50% of the American pet store chain Petco, 50% of American luxury department store chain Neiman Marcus, 50% of Australian ... In 2012 CPPIB acquired a 45% stake in ten shopping centers and two ...

CPP Investment Board - Wikiwand
https://www.wikiwand.com › CPP_Investment_Board
The Canada Pension Plan Investment Board , operating as CPP Investments , is a ... store chain Petco, 50% of American luxury department store chain Neiman Marcus, ... In 2012 CPPIB acquired a 45% stake in ten shopping centers and two ...



NEIMAN MARCUS HAS BEEN AN ALBATROSS SINCE CPPIB BOUGHT IT

Neiman Marcus - Wikipedia
https://en.wikipedia.org › wiki › Neiman_Marcus
Neiman Marcus Group, Inc., originally Neiman-Marcus, is an American chain of luxury ... Ares Management (50%); CPP Investment Board (50%). Number ... The company filed for bankruptcy on May 7, 2020 due to high debts and the 2019–20 ...
Owner‎: ‎Ares Management‎ (50%); ‎CPP Invest...
Founders‎: ‎Carrie Marcus Neiman‎, ‎Herbert Mar...
Number of locations‎: ‎42
Number of employees‎: ‎14,300 (2017)

Neiman Marcus" headlines | Every Source, Every ... - NewsNow
https://www.newsnow.co.uk › search="Neiman+Marcus"
The Neiman Marcus Bankruptcy: Separating The Myths From The Realities. Forbes 15: ... CPP-owned retailer Neiman Marcus files for bankruptcy CBC.ca 08:

2019

The Fed Calls it “Collateral Stripping.” These PE Firms Took it ...
https://wolfstreet.com › 2019/06/12 › the-fed-calls-it-collateral-stripping-th...
Jun 12, 2019 - Private-equity owned Neiman Marcus disclosed two things on ... Ares and CPPIB have now taken collateral stripping to the next level, from a ...

CPPIB Capital Inc. Canada Pension Plan Investment Board
https://www.ise.ie › debt_documents
Jun 7, 2019 - The Issuer is a wholly-owned subsidiary of CPPIB and was ... Neiman Marcus Group, Livingston International, 99 Cents Only Stores, The Gates ...

Ares mulls GP-led restructuring of Neiman Marcus fund ...
https://www.secondariesinvestor.com › News & Analysis
Mar 26, 2019 - Among the remaining assets in the fund is Neiman Marcus, which ACOF III and Canada Pension Plan Investment Board acquired for around $6 ...

2018

Neiman Marcus Charged in Court with, among Other ...
https://www.prnewswire.com › news-releases › neiman-marcus-charged-in-...

Dec 10, 2018 - PRNewswire/ -- Neiman Marcus Group, Inc. ("the Parent") and related ... These assets were stripped from its insolvent subsidiary Neiman Marcus ... Board ("CPPIB"), which are the beneficial owners of Neiman Marcus Group, ...

Neiman Marcus Seeks Debt Restructuring To Avoid Bankruptcy
https://retailtouchpoints.com › features › news-briefs › neiman-marcus-see...
Oct 25, 2018 - In 2013, Ares Management and Canadian public pension fund CPPIB acquired Neiman Marcus from two other private equity firms for $6 billion.

Neiman Marcus debtholder calls out CPPIB for asset transfer
https://www.benefitscanada.com › pensions › other-pensions › neiman-mar...
Martha Porado | September 24, 2018 He suggests the sale of the MyTheresa business, as well as real estate owned by Neiman Marcus, would be the better option and would benefit all stakeholders in ..

Bondholder says Neiman Marcus might default - FashionUnited
https://fashionunited.ca › news › business › bondholder-says-neiman-marc...
Sep 21, 2018 - Things aren't looking pretty for Neiman Marcus. ... firms, acquired Neiman Marcus for 6 billion in 2013, leaving the company with 4.7 billion dollars in debt. ... from the creditors of the company and (gifts it) to Ares and CPPIB.

Neiman Marcus bondholder says company may be in default .
https://www.reuters.com › article › neiman-marcus-bondholder-says-comp...
Sep 21, 2018 - Buyout firm Ares Management LP and the Canada Pension Plan Investment Board (CPPIB) acquired Neiman Marcus for $6 billion in 2013, ...

Andrew Coyne on Twitter: "CPPIB paid $6-billion for luxury ...
https://twitter.com › acoyne › status
Jan 22, 2018 - CPPIB paid $6-billion for luxury retailer Neiman Marcus. The bet backfired. - The Globe and Mail ...

CPPIB paid $6-billion for luxury retailer Neiman Marcus. The ...
https://www.theglobeandmail.com › streetwise › article37678127
Jan 21, 2018 - When CPPIB bought Neiman Marcus, which operates 42 of its brand name stores across the U.S., as well as two Bergdorf Goodman department ..

2017

Debt-laden Neiman Marcus abandons hope of a sale ...
https://www.todayonline.com › business › upscale-retailer-neiman-marcus-...
Jun 13, 2017 - U.S. department store operator Neiman Marcus said on Tuesday it had ... public pension fund CPPIB acquired it from other private equity firms.

Neiman Marcus' troubles run deeper than Amazon or other 

https://www.dallasnews.com › business › retail › 2017/04/20 › neiman-mar...
Apr 20, 2017 - CPPIB and Ares bought it from Fort Worth-based TPG and New York-based Warburg Pincus, investment firms that took Neiman Marcus private ...

CPPIB faces a challenge with its US$6 billion luxury retail ...
https://business.financialpost.com › FP Street › News
CPPIB faces a challenge with its US$6 billion luxury retail acquisition Neiman Marcus. Barry Critchley. March 9, 2017 5:12 PM EST. Filed under:.

Neiman Marcus reportedly hires debt restructuring adviser ..
https://ww.fashionnetwork.com › news › Neiman-Marcus-reportedly-hires-d...
Mar 3, 2017 - N) and CPPIB, acquired it from other private equity firms. Following the news of Lazard's hiring by Neiman Marcus, some Neiman Marcus ...

2016

Opinion | Some Canada Pension Plan investments that might ...
https://www.yorkregion.com › opinion-story › 6498086-some-canada-pensi...
Apr 14, 2016 - In March, CPPIB bought more student housing, this time in Britain. Liberty Living ... CPPIB ownership: Equal majority stake in Neiman Marcus.

2015
Canadian Pension Plan and Permira to Buy Informatica in ...
https://www.nytimes.com › informatica-agrees-to-5-3-billion-buyout
Apr 8, 2015 - ... Canada Pension Plan Investment Board are acquiring the enterprise software ... investments in Neiman Marcus, Univision and other big companies. ... Permira and C.P.P.I.B. share both our vision for Informatica to power the ...

2014
Neiman Marcus not coming to Canada after all - Toronto Life
https://torontolife.com › style › shopping › neiman-marcus-not-coming-to-...
Jan 9, 2014 - Neiman Marcus not coming to Canada after all ... retailer was recently bought by the Canadian Pension Plan Investment Board. ... Instead, Neiman Marcus is planning for ultra-conservative expansion, ... The current scandal where Neiman Marcus perjured itself in front of our Congress is a disgrace. CPPIB.

2013

NEIMAN MARCUS NOT LIKELY TO OPEN IN CANADA ...
https://www.retail-insider.com › retail-insider › tail-insider.com › 2013/09
Sep 10, 2013 - CCP's purchase of Neiman Marcus makes for a substantial number of international department stores owned either wholly or partly by Canadian ...

Ares and CPPIB acquire Neiman Marcus for $6bn | Private ...
https://www.privateequityinternational.com › ares-and-cppib-acquire-neim...
Sep 10, 2013 - Ares and CPPIB acquire Neiman Marcus for $6bn ... Investment Board have agreed to buy luxury retailer Neiman Marcus for about $6 billion.

Neiman Marcus sold for $6 billion to Canada Pension Plan ...
https://www.reuters.com › article › us-neimanmarcus-ares › neiman-marcu...
Sep 9, 2013 - The owners of Neiman Marcus Inc agreed to sell the U.S. luxury ... the Canada Pension Plan Investment Board (CPPIB), said on Monday they ... In July, Hudson Bay Co bought Saks Fifth Avenue, another storied U.S. retailer.

Ares Management and Canada Pension Plan Investment ...
https://www.cppinvestments.com › headlines › cppib-ares-neiman
... Plan Investment Board Complete Acquisition of Neiman Marcus Group ... Canada Pension Plan Investment Board (CPPIB) is a professional investment ...

SEC EDGAR FILING
EX-99.1 2 a13-21743_3ex99d1.htm EX-99.1 Exhibit 99.1 ..
https://www.sec.gov › Archives › edgar › data
Neiman Marcus Group LTD Inc. Prices Offering of $960 Million of 8.00% Cash ... Canada Pension Plan Investment Board (“CPPIB”) (the “Acquisition”) and will ..