The Ultimate Neiman Marcus Sale

One of our favorite retailers, Neiman Marcus is close to agreeing to be taken over by two private firms in a $5 billion sale.  The Neiman's board met over the weekend and final offers were submitted on Friday so a decision could come as soon as today.  Although the luxury market has been booming lately, Neiman's high-income customer base is limited and there is a fear that continued expansion of the brand might dilute its power.

UPDATE:  It's official, Texas Pacific Group and Warburg Pincus will purchase Neiman Marcus for $100 per share which works out to a tidy $5.1 billion.