Neiman Marcus Group CEO Geoffroy van Raemdonck reveals whether or not market volatility has impacted his prospects’ spending habits and the way a lot customers spend a yr at his shops.
An iconic annual present catalog recognized for its extravagance has eliminated the phrase “Christmas” from its identify after a virtually 100-year run.
Neiman Marcus’ “Christmas E-book,” in print since 1926, first began as a 16-page booklet. Within the years since, it has grow to be standard among the many rich and bucket checklist dreamers alike for its “Fantasy Reward.”
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The shift from the “Christmas E-book” to “Vacation E-book” for this yr’s catalog has raised hackles contained in the 117-year-old firm primarily based in Dallas, in line with reporting from the New York Put up.
New CEO Geoffroy van Raemdonck is rumored to be unpopular inside the corporate, per sources, who has instituted layoffs and inside restructurings.
Santa Claus attends the Neiman Marcus Fantasy Items cocktail occasion on October 16, 2019, in New York Metropolis. (lya S. Savenok/Getty Photographs for Neiman Marcus / Getty Photographs)
“If Geoffroy and his staff put as a lot time into working the enterprise as they did on expressing viewpoints about DEI, we’d be shopping for Saks or launching an IPO,” one worker mentioned to The New York Put up. “As an alternative, my job is in danger due to our enterprise failure.”
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The “Fantasy Reward” has been an particularly standard point of interest of the catalog yearly since its inception in 1959. These items are particularly eye-popping for his or her value tags and rarity.
2024’s “Fantasy Items” embody a $1.9 million 18th-century drawn carriage which as soon as belonged to the Spanish royal household and a $777,777 Namibian safari.
Neiman Marcus’ Vacation E-book 2024 quietly eliminated the phrase “Christmas” from this yr’s catalog. (Neiman Marcus / Fox Information)
The present catalog cowl does not point out the brand new rebrand; as a substitute the brand new cowl solely refers back to the ebook as “A Neiman’s Fantasy.”
Neiman Marcus will probably be bought by HBC, the dad or mum firm of Saks Fifth Avenue, in 2025.
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One worker informed the New York Put up, “We do really feel that this was a final hurrah for Geoffroy.”
Neiman Marcus didn’t reply to Fox Enterprise’ request for remark.
