Following several months of discussion, Neimans has been scooped up by Ares Management LLC and the Canada Pension Plan Investment Board (it's a mouthful, we know), taking over ownership from TPG Capital and Warburg Pincus, which have been with the store for the past eight years. And, the selling price for the shopping destination that houses so many of the luxury labels we lust for? A whopping $6 billion. Or, what we like to call, approximately 4.5 million PS1 bags. (WWD)
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