Monday, May 8, 2017

Merger talks between Saks and Neiman Marcus hit a roadblock

Image result for neiman marcus storeMerger 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

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