NEW YORK — Luxury merchant Neiman Marcus is getting a new owner. Ares Management and Canadian Pension Plan Investment Board announced Monday they are buying the chain for $6 billion. The two new owners will hold an equal economic interest in Neiman Marcus, and the company’s management will retain a minority stake.

The deal, which is expected to be finalized in the fourth quarter, would end control of the luxury retailer by private equity firms TPG Capital and Warburg Pincus. They bought the company for $5.1 billion in 2005 during the booming luxury years when affluent shoppers scooped up $5,000 handbags with abandon and then held onto it during the depths of the recession and recovery period.

— From wire reports