Merger talks between Neiman Marcus and the owner of archrival Saks Fifth Avenue have hit a roadblock as Neiman faces a possible lawsuit over a recent maneuver to shield three of its stores from creditors, The Post has learned.
Dallas-based Neiman — which said in March it is weighing a possible
sale of the company amid a tanking luxury market — has been courted by
Saks Fifth Avenue owner Hudson’s Bay Co., which has been exploring an
unusual deal to buy the company without assuming Neiman’s $4.6 billion
in debt.. . . more