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A shopper enters a Neiman Marcus store in Oak Brook, Ill., a suburb of Chicago, in this file photo.
A shopper enters a Neiman Marcus store in Oak Brook, Ill., a suburb of Chicago, in this file photo.
(JOHN GRESS/REUTERS)

DAVID PARKINSON

CPPIB’s Neiman purchase looks like a splurge

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The guardian of Canada’s massive $183.3-billion taxpayers’ pension fund has developed an taste for luxury retail. It may find this isn’t the easiest sector to swallow.