Wednesday, June 14, 2017

Neiman Marcus Squelches Hope of Buyout Deal as Losses Mount

nieman-marcusNeiman Marcus Group Ltd. will have to face a challenging department-store industry on its own.

The retailer, which spurred takeover speculation earlier this year when it began exploring its strategic options, said on Tuesday that it’s no longer holding deal talks. Neiman Marcus was previously reported to be in discussions with Hudson’s Bay Co., the owner of Saks Fifth Avenue, about a buyout.. . . more

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