of the Canada Pension Plan acquires U.S. luxury retailer Neiman Marcus for $ 6B

Expect to Canadian retirees Shopping U.S. luxury retailer Neiman Marcus has become the thing . Monday, announced the Pension Plan Investment Board ( Discount Gucci ) , that they bought the chain of luxury department stores for $ 6 billion, equal sharing property with Ares Management LLC . The agreement covers 41 Neiman Marcus stores and two Bergdorf Goodman stores in Manhattan and 36 price points called Neiman Marcus Last Call . Dividing line of the operator of the e- commerce companies are also included. "This is an excellent opportunity to invest in one of the leading retailer of luxury omni- channel , the operation of two of the most iconic trademarks in the United States," Andre Bourbonnais, senior vice president of private investment in the Board said. The management team of the Dallas -based Neiman retain a controlling minority stake in the company , while the rest of the majority stake will be divided equally between the Board and Ares . Karen Katz will remain at the forefront of Neiman Marcus as CEO. " If you look at where we are in the cycle look like , it is a good time to buy the company ," Bourbonnais said. "People feel confident about the recovery in the United States and the sustainability of the recovery . " Neiman recorded its 2012 revenues of approximately $ 4.5 billion and Mr. Bourbonnais it could go higher, eventually helping build the office and to strengthen existing activities . " The operation is very well run , so I do not think you can get a large number of new productivity, " said Steven Dennis , a former head of Neiman them , Bloomberg said. "The question is how . Things more on the heart of the business and there are other things that could create new growth platforms for them? It is not clear to me " Invested heavily in farms around the world , the agency has interests in a variety of businesses such as retail spaces to development companies and auto racing. These include the California-based chain 99 Cents Only and Formula One . The Board has 50 per cent stake in the office tower of Samsung Electronics Co. Ltd. in Seoul 's Gangnam neighborhood . Chanel outlet