Takeover 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.
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