Struggling upscale U.S. retailer Neiman Marcus pulls IPO

Neiman Marcus declined to comment on the reasons for pulling the IPO. Neiman Marcus, which also operates the Bergdorf Goodman and MyTheresa brands, was acquired by private equity firm Ares Management LP and Canada Pension Plan Investment Board three years ago for $6 billion. Late 2015 through 2016 was a notably rocky period for IPOs, plagued by market jitters and volatility.