Ares gets another MyTheresa lawsuit

In 2018, Neiman Marcus Group, owned by Ares, completed a transaction that moved MyTheresa, the German luxury e-tailer it acquired in 2014, out of its debt structure. The transaction proved very controversial as creditors began filing lawsuits saying that Ares did this to keep creditors away from the billion dollar valued MyTheresa. Although those lawsuits have been dismissed, the transaction is still proving to be a headache for all parties involved.