Neiman Marcus in talks with potential buyer

Posted online March 15, 2017 | 11:39 am

The parent of Saks Fifth Avenue is in talks to buy Neiman Marcus Group Ltd., people familiar with the matter told The Wall Street Journal.

The luxury department store owner has some $5 billion in debt and has struggled with declining sales in recent years.

Hudson's Bay is said to have been selected by Neiman Marcus as a potential suitor.

Read more from The Wall Street Journal.

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