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Claire's Inc. Files for IPO, Neiman Marcus May Follow Suit

Claire's Inc. Files for IPO, Neiman Marcus May Follow Suit

The number of planned retail IPOs continues to grow this year, as Bloomberg reports that Neiman Marcus owners TPG Captial and Warburg Pincus have started shopping around for banks to handle an IPO potentially worth $8 billion for the luxury department store chain. TPG and Warburg bought Neiman Marcus for $5.1 billion in 2005 and have already held on to the retailer much longer than they anticipated, the Bloomberg article notes.

Meanwhile, last week teen accessories seller Claire's Inc. filed for a $100 million IPO, according to Crain's Chicago Business. Apollo Management bought the chain in 2007 for $3.1 billion. Claire's currently operates 3,477 stores.

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