Neiman Marcus Delays IPO Amid Volatility

Neiman Marcus Group, the U.S. luxury specialty department store chain that registered with regulators in August for an initial public offering, has pushed back its stock market flotation to 2016, according to people familiar with the matter. The Dallas-based company, which is owned by private equity firm Ares Management LP and the Canada Pension Plan Investment Board, was eyeing an IPO this year, but stock market jitters have prompted it to put the plan on hold, the sources said this week.