Wednesday, March 15, 2017

Neiman Marcus Considers Sale, With Hudson's Bay Seen as Suitor

Image result for neiman marcusNeiman Marcus Group Ltd., the struggling department-store chain that scrapped plans in January for an initial public offering, is considering a sale of the company instead.

Neiman Marcus is in talks with Hudson’s Bay Co., the owner of Saks Fifth Avenue, about a buyout of the upscale retailer, according to the Wall Street Journal. The deal would exclude Neiman Marcus’s nearly $5 billion in debt, the newspaper reported.. . . more

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