Monday, June 12, 2017

Talks to Combine Neiman Marcus and Saks Have Stalled

Image result for neiman marcusTakeover talks between Neiman Marcus Group Inc. and the parent of Saks Fifth Avenue have stalled, according to people familiar with the matter, leaving the department store owners to chart their own paths through a difficult retail landscape.

Hudson’s Bay Co., the owner of Saks and Lord & Taylor, had approached Neiman Marcus about a potential combination earlier this year, The Wall Street Journal reported in March. The two sides have been unable to reach an agreement on price and are no longer actively working on a deal, one of the people said, adding that the talks could resume.. . . more

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