SHARE

PE Backers Put Faith in Neiman Marcus

David Kaplan, co-head of Ares Management, the private equity house that acquired Neiman Marcus for around US$6bn earlier in the year, has said that the firm “plans to operate [Neiman] as a business — not as a financial engineering experience”.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.