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coach factory sale 2013 own the company.$3.08 million is what chairman and retired CEO Burt Tansky gets if the company is sold or goes public under a compensation program. Also, Tansky owns 1.4 percent of the company. Katz owns 1.47 percent of Neiman Marcus.The Dallas based luxury retailer's fiscal year ended in July and it reported results last week. The company is privately held but must report to the SEC because it has publicly traded debt.Neiman Marcus Inc. narrowed its fiscal fourth quarter loss on higher sales and a lower interest expense. The Dallas based retailer also improved its full year profit.Neiman Marcus reported Thursday a fourth quarter net loss of $11.1 million compared with a $64.1 million loss in the prior year which included a $42.7 million after tax loss related to its debt restructuring. Excluding the $42.7 million after tax loss related to its debt, the year ago adjusted profit was $74.3 million.Earlier this year, the company spent $29.4 million to acquire a 37 percent stake in a Hong Kong based e commerce company to help it launch a full price online store in China.Neiman Marcus had planned to launch that business with new partner Glamour Sales Holding Limited by the end of this calendar year, but said Thursday it's now shooting for the end of its new fiscal year which ends in July.So it not a secret that the economy in China is slowing a bit. Want to know more and get a laugh? Here a blog from earlier this week.Back in March, Neiman Marcus announced that it planned to launch a website targeting the growing luxury market in China.The latest analysis must be shared.An HSBC research note explained