UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 19, 2012 |
NEIMAN MARCUS, INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
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333-133184-12 |
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20-3509435 |
(State or other jurisdiction |
(Commission File |
(IRS Employer |
One Marcus Square |
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1618 Main Street, Dallas, Texas |
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75201 |
(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, included area code: (214) 741-6911 |
Not Applicable . |
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 |
Regulation FD Disclosure. |
In a press release dated March 22, 2012, a copy of which is attached hereto as Exhibit 99.1, and the text of which is incorporated by reference herein, The Neiman Marcus Group, Inc. ("NMG"), a subsidiary of Neiman Marcus, Inc. (the "Company"), announced that NMG is investing $28 million and making a non-controlling strategic investment in Glamour Sales Holding Limited, a privately held company based in Hong Kong with leading flash sales websites in Asia. |
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Item 8.01 |
Other Events. |
On March 22, 2012, NMG issued a press release announcing that it is investing $28 million and making a non-controlling strategic investment in Glamour Sales Holding Limited, a privately held company based in Hong Kong with leading flash sales websites in Asia. In addition, the companies plan to enter the luxury retail market in China through an e-commerce site, which is expected to be launched by the end of 2012. The site will feature a mix of full-price, current-season products. |
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Item 9.01 |
Financial Statements and Exhibits. |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
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NEIMAN MARCUS, INC. |
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(Registrant) |
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Date: March 22, 2012 |
By: |
/s/ Nelson A. Bangs |
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Nelson A. Bangs |
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Senior Vice President |
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NEIMAN MARCUS, INC.
EXHIBIT INDEX
Exhibit No. |
Description |
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99.1 |
Press release dated March 22, 2012.
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Contact: |
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Neiman Marcus Group |
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Ginger Reeder |
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Vice President, Corporate Communications |
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1.214.573.5822 |
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Ginger.Reeder@neimanmarcus.com |
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Ms. Chris Luan |
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MSL Group |
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86.21.5169 9311 ext. 6103 |
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chris.luan@mslgroup.com |
The Neiman Marcus Group, Inc. Announces First Expansion into China
Top U.S. Luxury Retailer Enters
Asian E-Commerce Market in Partnership with Glamour Sales Holding (HK)
DALLAS, Texas and SHANGHAI, China, March 22, 2012 - Karen Katz, President and CEO of The Neiman Marcus Group, Inc., announced today that the company is making a non-controlling strategic investment in Glamour Sales Holding (HK), a privately held e-commerce company. This will be the company's first move into the fast-growing luxury retail market in China.
"We are taking this bold step to establish Neiman Marcus Group as an international brand," said Katz. "Our strategic investment in Glamour Sales gives us a tremendous partner and a strong foothold in a rapidly expanding luxury market."
Through Glamour Sales Holding, Neiman Marcus Group intends to launch an e-commerce website by the end of 2012. The site will feature an expertly curated mix of full-price, current-season offerings to reflect the discerning taste of the Chinese luxury customer. The site will have editorial content, fashion expertise and behind-the-scenes videos to make it a reliable and indispensable source of valuable insights about featured luxury brands.
Neiman Marcus Group will be investing $28 million in Glamour Sales Holding, to both help fuel the growth of Glamour Sales' existing and successful flash sales business in Asia and build a new branded e-commerce business. The two companies will combine talent to create a new team in China who will oversee the development, launch and management of the new website.
"We have a rich, century-long heritage with two prestigious brands - Neiman Marcus and Bergdorf Goodman. We believe that our vast experience and history of success in luxury and fashion, customer service and e-commerce, combined with Glamour Sales' keen understanding of the Chinese market, presents us with a unique opportunity to build a vibrant full-price, multi-brand, luxury online business in China," Katz added.
Glamour Sales Holding, founded in 2009 by veteran entrepreneurs, Olivier Chouvet and Alain Soulas, and joined in 2010 by Thibault Villet, operates the leading, authorized flash sales websites in Asia: Glamour-sales.com.cn in China and Glamour-sales.com in Japan. Flash sales, where online retailers provide a limited-time offer of high discounts on exclusive items, have proven to be tremendously successful in the European and U.S. markets. Glamour Sales is one of the first and most successful e-commerce sites, working exclusively and directly with brands, to bring this business model to the Asian market. Additionally, the Glamour Sales management team has more than half a century of cumulative experience in luxury brand management and development in Asia.
"We are delighted to be teaming up with the top luxury retailer in the world," said Olivier Chouvet, CEO of Glamour Sales. "This partnership represents the coming together of two pioneers. Neiman Marcus was the first luxury retailer to go online and Glamour Sales was the first to bring authorized flash sales to China. Together we look forward to offering Chinese customers the best merchandise and service available. And we will provide our customers with the peace of mind that comes from knowing that all of our luxury goods are authorized, authentic and sourced directly from the manufacturer."
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