Neiman Marcus Group news and archive

Neiman Marcus launches immersive experience 'Balmain Beach Club' in Dallas

Luxury department store group Neiman Marcus has launched an exclusive collection and immersive experience in Dallas, Texas, in partnership with Balmain. Debuting in 10 stores and online, the Balmain Beach Club features 14 pieces ranging across ready-to-wear and handbags inspired by the beautiful scenery of the French Riviera. Looking through its...

Retail

Neiman Marcus launches exclusive Loewe collection honoring 2023 award winner Jonathan Anderson

Luxury department store chain Neiman Marcus has launched an exclusive collection and several in-store installations in celebration of Jonathan Anderson, the 2023 recipient of the Neiman Marcus Award for Creative Impact in the Field of Fashion. As part of the award, Anderson designed an exclusive collection with Neiman Marcus that is now...

Business

NMG scraps commercial partnership with Farfetch

Farfetch is continuing to experience a certain level of backlash following a last-minute rescue by South Korean firm Coupang, with the Neiman Marcus Group (NMG) now said to have scrapped its ongoing partnership with the luxury e-tailer. According to Business of Fashion (BoF), NMG has put a halt to plans to use Farfetch’s e-commerce software for...

Business

Neiman Marcus Group ahead of several targets according to third ESG report

Neiman Marcus Group (NMG) announced it had reached several key milestones ahead of its 2025 targets in its latest Environmental, Social, and Governance (ESG) report. In the third ESG report from the US retail group, the company outlined the progress it made in fiscal year 2023 while highlighting how it aims to continue to revolutionize the...

Business

Neiman Marcus Group commits to science-based climate targets

Neiman Marcus Group has committed to the Science-Based Targets initiative (SBTi) and become a sponsor for the Supplier Leadership on Climate Transition (Supplier LOCT) program to support its brand partners in addressing challenges concerning climate change. The move, part of the group's broader environmental, social, and governance (ESG)...

Fashion Featured

Neiman Marcus Awards to honour Jonathan Anderson and Amina Muaddi

Jonathan Anderson and Amina Muaddi will be honoured alongside Brunello Cucinelli at the 2023 Neiman Marcus Awards, which will take place on March 5 during Paris Fashion Week. The Neiman Marcus Awards aims to showcase “the power visionary leaders have on the fashion industry,” and Jonathan Anderson, creative director of Loewe, will receive the...

Fashion

NMG and FSF announce recipients of 2023 scholarships

US department store group Neiman Marcus Group (NMG) and non-profit organisation the Fashion Scholarship Fund (FSF) have announced the recipients of the new NMG x FSF scholarship fund competition. Ten scholarships with a value of 10,000 dollars each have been awarded to the selected undergraduate students from US colleges and universities. The...

BusinessFeatured

Farfetch to invest in Neiman Marcus Group as part of strategic partnership

Luxury fashion platform Farfetch is investing in US retailer Neiman Marcus Group (NMG) as part of a new global strategic partnership between the two fashion heavyweights. Farfetch said it will make a minority common equity investment of up to 200 million dollars in NMG, joining existing investors including PIMCO, Davidson Kempner Capital...

People

Neiman Marcus Group appoints new chief legal officer

US luxury retail group Neiman Marcus has named Hannah Kim as its new chief legal officer, corporate secretary, chief compliance officer and a member of its executive team. In her new role, which begins on July 26, Kim will oversee Legal and Compliance for the group to promote and protect its overall business strategy, Neiman Marcus said in a...

RetailFeatured

Neiman Marcus to go fur-free by 2023

The Neiman Marcus Group (NMG) has announced that it is to go fur-free by early 2023, as it confirms the closure of its existing fur salons. The American retailer said that it will discontinue selling any products containing animal fur as part of its forthcoming environmental, social and governance (ESG) strategy. The animal welfare policy,...

Business

Neiman Marcus Group intends to acquire Stylyze

The Neiman Marcus Group has revealed its intention to acquire Stylyze - a digital platform that offers solutions to retailers for an improved customer experience. NMG initiated a strategic partnership with Stylyze in 2018, and its technology is already a key part of the company’s remote-selling platform and industry-leading client tool called...

Business

Neiman Marcus Group establishes an environmental social governance team

The Neiman Marcus Group has announced the companies’ first team devoted to environmental improvements throughout its operations. The Environmental Social Governance team (ESG) strategy includes collaborating with independent third-party consultants to assess the companies most crucial environmental initiatives, set time-bound goals, invest in...