neiman marcus investor relations

This partnership is about revolutionizing the luxury landscape globally, both online and offline, by combining NMGs iconic presence in the U.S. and FARFETCHs Luxury New Retail vision and technology., We are thrilled to be partnering with FARFETCH to accelerate our e-commerce strategy, creating a seamless customer experience, said Geoffroy van Raemdonck, CEO of Neiman Marcus Group. All of this data needs to be mined to build a relationship with the consumer. You've got data that has to talk to each other and you've got 14 views of the customer, one each for each of these partners. john_walls@neimanmarcus.com, Andi Rose / Ed Trissel Both Bergdorf Goodman and Neiman Marcus will join the FARFETCH Marketplace as a partner, adding participating brands in key global geographies. 1w. Neiman Marcus Group Forward-Looking Statements 62929P 102), or Matching to Purchase Customized Units (CUSIP No. Small Girls PR Crucially, its the top clientele who are set to benefit. FREE SHIPPING ON QUALIFYING ORDERS OF $50+ | FREE RETURNS & EXCHANGES. If you live near a store, just bring us your items, and a style advisor will take it from there. Bergdorf Goodman is part of Neiman Marcus Group. Bryan Cave Leighton Paisner and Taylor Wessing LLP are serving as legal counsel to FARFETCH. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". This is a significant digital transformation opportunity that will allow us to unlock massive value for Neiman Marcus Group, its shareholders and its customers, who will now be able to shop from wherever they are in the world., By leveraging the technology and expertise of FARFETCH, we will further advance our integrated strategy to expand our reach and services to customers globally, bringing our one-of-a-kind iconic New York fashion brand to customers worldwide, said Darcy Penick, President of Bergdorf Goodman. It is not possible for Farfetchs management to predict all risks, nor can Farfetch assess the impact of all factors on Farfetchs business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that Farfetch may make. Neiman Marcus Group Releases First People Report and Updates Progress Toward 2025 ESG Goals READ MORE Jun 1, 2023 Neiman Marcus Group Previews New Corporate Hub with Dallas Mayor Eric L. Johnson READ MORE May 25, 2023 Neiman Marcus Group CEO Geoffroy van Raemdonck Honored at the 74th Annual Parsons Benefit READ MORE All News Email Alerts For questions about repairing or restyling apparel, make an appointment with your alterations specialist. We sit down with the new EVP leading the investment. Following completion of the agreements, NMG will not be a related party of FARFETCH as defined by Item 7.B of Form 20-F. J.P. Morgan is serving as exclusive financial advisor to NMG, and Kirkland & Ellis LLP and Norton Rose Fulbright LLP are serving as legal counsel. For more information, please visit www.farfetchinvestors.com. The AI styling might provide an advantage over online retailers with vast assortments who dont have large store sales staff. Jos and the entire FARFETCH team have built a best-in-class technology platform and are the ideal partner to help us grow Bergdorf Goodman to be an even stronger global digital luxury retailer. Founded in 2007 by Jos Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for luxury boutiques around the world. FARFETCHs additional businesses include Browns and Stadium Goods, which offer luxury products to consumers, and New Guards Group, a platform for the development of global fashion brands. Andi Rose / Ed Trissel Joele Frank, Wilkinson Brimmer Katcher +1-212-355-4449 These forward-looking statements are based on managements current expectations. John Walls NM_REPAIRS@NEIMANMARCUS.COM. NMG | Documents & Charters +1-212-355-4449 When the [Stylyze] AI builds a look, it's actually a compelling look. Director, Corporate Finance and Investor Relations, Neiman Marcus Group FARFETCH Media Contacts: Susannah Clark Post-pandemic playbook: Reviving US department stores, Out of bankruptcy, Neiman Marcus plans a comeback, A bankruptcy filing doesnt spell the end for retailers. It helps associates scale their capabilities to make product and outfit recommendations. Please enter a valid email address. "Management's Discussion and. Readers are cautioned not to put undue reliance on such forwardlooking statements. susannah.clark@farfetch.com Comments, questions or feedback? At Neiman Marcus, were not just here for the moment or a season, were here for goodand for you. Technology to improve personal relationships with customers is key, making services such as recommendations, one-to-one communications and store visits better, faster and more scalable. After a rocky few years, the luxury American retailer is hoping that personalisation, faster delivery and tech-enabled stores will enhance its value to customers. Its really easy to build an ugly look, but it takes some real work and talent and a good team and years of investment to create a look that feels compelling. Plus, he says, acquiring Stylyze was faster than building from scratch, and helped the company remain competitive. Saks and The Webster are using Seer, a Y Combinator startup that increased its funding round due to retailer interest. Mark Anderson Thats a huge competitive advantage.. McQueen Oversized Platform Low-Top Sneaker, Christian Louboutin Seavaste Low-Top Sneaker. Our legacy of innovating and our culture of Belonging guide our roadmap for Revolutionizing Luxury Experiences. Any forwardlooking statements are and will be based upon NMGs thencurrent expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements. The new Neiman Marcus app is here! Even in store, an associate could use the software to fill a dressing room with client favourites, or make coordinating recommendations. Our legacy of innovating and our culture of Belonging guide our roadmap for Revolutionizing Luxury Experiences. Neiman Marcus and Bergdorf Goodman have pioneered and continued to redefine luxury retailing in the United States, with exclusive products, an omnichannel offering and a team of more than 3,000 talented selling associates, which enable NMG to have an unmatched relationship with the luxury-obsessed customer. As one of the largest multi-brand luxury retailers in the U.S., with the world's most desirable brand partners, we're delivering exceptional products and intelligent services, enabled by our investments in data and technology. At Farfetch, we promise to treat your data with respect and will not share your information with any third party. Susannah Clark Neiman Marcus Group The Company at any time may establish or close other offices and places of business and may change the principal place of To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This is a significant digital transformation opportunity that will allow us to unlock massive value for Neiman Marcus Group, its shareholders and its customers, who will now be able to shop from wherever they are in the world., By leveraging the technology and expertise of FARFETCH, we will further advance our integrated strategy to expand our reach and services to customers globally, bringing our one-of-a-kind iconic New York fashion brand to customers worldwide, said Darcy Penick, President of Bergdorf Goodman. Bigger is not necessarily better for consumers. You can unsubscribe at any time. https://www.businesswire.com/news/home/20220405005613/en/, FARFETCH Media Contacts: Neimans is operating in a rarefied space. He also is sceptical of how much tech can help. FARFETCH Forward-Looking Statements farfetch@brunswickgroup.com During the pandemic, luxury department stores in the US after years of playing a crucial role in brand distribution strategies gave up ground to online early adopters and to brands that found DTC channels offered more control and higher margins. Following completion of the agreements, NMG will not be a related party of FARFETCH as defined by Item 7.B of Form 20-F. J.P. Morgan is serving as exclusive financial advisor to NMG, and Kirkland & Ellis LLP and Norton Rose Fulbright LLP are serving as legal counsel. US: +1 (212) 333 3810 Mark Ralston / AFP via Getty Images. FARFETCH Limited is the leading global platform for the luxury fashion industry. Neiman Marcus Group Releases First People Report and Updates Progress Toward 2025 ESG Goals Revolutionizing Luxury Experiences through the "Power of One" People Strategy Inspires Transformation and Sustainable Growth By Eric Severson, Chief People, ESG and Belonging Officer DALLAS, June. VP Investor Relations Neiman Marcus - Wikipedia Cohen says that of the areas in which Neiman Marcus plans to invest, the store upgrade is probably the most critical. Our restoration center only repairs and refurbishes shoes, handbags, mens accessories, and jewelry. This was a Corporate Round round raised on Apr 5, 2022. He hints that there could be more acquisitions like this going forward. To develop these ideas, Kupbens has built a team that includes a mix of people both from luxury and other industries, and told them that they are free to experiment. Neiman Marcus Group is a relationship business that leads with love in everything we do for our customers, associates, brand partners, and communities. Copyright 2018 Farfetch UK Limited. From removing stains and giving leather a little love to replacing hardware and linings, repairing straps, and more, well give new life to your most-loved handbags. The partnership brings together the resources of two industry leaders with a shared commitment to creating a seamless experience for customers. farfetch@brunswickgroup.com Founded in 2007 by Jos Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for luxury boutiques around the world. NMG will use the proceeds to further accelerate growth and innovation through investments in technology and digital capabilities. Neiman Marcus Group, which consists of Neiman Marcus, Bergdorf Goodman, Neiman Marcus Last Call and Horchow, has been through a challenging period, and has been operating under a crushing amount of debt for the past five years, notes Mark Cohen, director of retail studies at Columbia University's Business School. Well bring the shine back to your favorite pieces by cleaning, polishing, replating, replacing stones and clasps, fixing broken chains, sizing rings, and more. Investor Relations. 'Farfetch' and the 'Farfetch' logo are trade marks of Farfetch UK Limited and are registered in numerous jurisdictions around the world. nmg@smallgirlspr.com, Neiman Marcus Group Investor Relations Contact: Neiman Marcus Group Media Contacts: John Walls Senior Director, Corporate Communications & Content Strategy, Neiman Marcus Group +1-512-221-8434 john_walls@neimanmarcus.com. Katie Anderson Please see our privacy policy for more information. Today, the FARFETCH Marketplace connects customers in over 190 countries and territories with items from more than 50 countries and more than 1,400 of the worlds best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. 1.888.888.4757. Our goal is to extend the life of 1 million items by 2025, and as part of that commitment, were increasing our range of repair services. NEW YORK--(BUSINESS WIRE)--FARFETCH Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, and Neiman Marcus Group (NMG), the largest omnichannel luxury retailer in the U.S. and the parent of brands including Neiman Marcus and Bergdorf Goodman, today announced a global strategic partnership and investment by FARFETCH into NMG. You can contact our restoration center directly by emailing us 24/7 or calling 8 AM-4 PM CT, Monday-Friday. For more information, visit www.neimanmarcusgroup.com. Completion of the global strategic partnership and investment is expected by the third quarter of 2022, subject to the satisfaction of customary closing conditions. In addition, Farfetch operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Neiman Marcuss tech investment will shake out in the form of building tools internally as well as acquisitions and partnerships with tech providers. Stylyze is a first of several future investments, according to the company. The Neiman Marcus Group LLC, and their affiliates (CUSIP No. Styling and providing recommendations is core to the value that sales associates provide daily, he says. Call Us Follow Neiman Marcus Group: email sign Up 15% off your first purchase: Please enter a valid email address. Schutz Viola Tractor Platform Penny Loafers | Neiman Marcus After a bankruptcy filing amid a pandemic, Neiman Marcus Group, the luxury US department store owner, is making a $500 million bet that investing in technology can turn it around. Call Us About Neiman Marcus Group Neiman Marcus Group Delivers $5 billion of GMV in FY22, Demonstrating Neiman is joining the . Today, the FARFETCH Marketplace connects customers in over 190 countries and territories with items from more than 50 countries and more than 1,400 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. There are lots of companies who bring in partners and it actually creates chaos. 62929P 110) (collectively, the "Company Securities"); a really fide prospective investor in the Our Securities; This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. +44 7788 405224, Brunswick Group Such forwardlooking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those projected in this press release for numerous reasons, including factors outside NMGs control. nmg@smallgirlspr.com, Neiman Marcus Group Investor Relations Contact: Jun 1, 2023 Well get your details, give you an order number so you can track your request, and stay in touch with you every step of the way.

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