Neiman Marcus Said to Attract Interest From Ares Management

Neiman Marcus Inc., the upscale retailer said to be considering takeover offers, has attracted interest from Los Angeles private-equity firm Ares Management LLC, according to people familiar with the process.

Ares is working with a Canadian pension fund, said one of the people, who asked not to be named because the process is private. Neiman owners TPG Capital and Warburg Pincus LLC, weighing a sale of the chain against a possible initial public offering, will decide on an option within about six weeks, according to the people.