Neiman Marcus says it is exploring options, including a sale: Reuters
Luxury fashion retailer Neiman Marcus Group Ltd LLC said it was exploring strategic alternatives, including changes to its capital structure or a sale of the company, as it seeks relief from its swelling debt pile of US$6.4 billion, Reuters reported. Hudson's Bay Co, owner of the Lord & Taylor and Saks Fifth Avenue retail chains, is in exploratory talks about acquiring the company, sources said. U.S. private equity firm Ares Management LP and Canada Pension Plan Investment Board had acquired Dallas-based Neiman Marcus for US$6 billion in 2013.
14 March 2017•3 mins read
