Neiman Marcus Group news and archive

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...

People

Neiman Marcus Group appoints new board member

US luxury retailer Neiman Marcus has appointed Paul Brown as a non-executive chair of its board of directors, effective 7 December. Brown is co-founder and CEO of US restaurant group Inspire Brands and has held various other leadership roles over the past 20 years at companies such as Hilton, Expedia, McKinsey and Company, and Boston Consulting...

Business

Mytheresa reports surge in sales for fiscal 2019

Mytheresa has reported consolidated net revenues of 377 million euros (341 million pounds) for the fiscal year ending June 2019, up from 303 million euros (274 million pounds) the previous year. The figure includes the company’s online business and physical store in Munich. The German luxury platform’s online business grew by 24.7 percent over...