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By
Les echos
Published
Apr 9, 2009
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Neiman Marcus has cut around a thousand jobs since beginning of the year

By
Les echos
Published
Apr 9, 2009


American Group Neiman Marcus, owned by private equity firms Warburg Pincus LLC and TPG Inc., announced on Tuesday 7 April the elimination of 130 jobs in its eponymous chain of luxury stores.

The Dallas-based distributor has cut around a thousand jobs since the start of the year, reducing the number of its employees from 13,000 to 12,000 people.

In February, it published sales figures down 23% from the same period for the second quarter of the fiscal year.

The group runs forty Neiman Marcus stores and two Bergdorf Goodman boutiques in New York.

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