Neiman Marcus in talks with Hudson's Bay: source
Struggling high-end US retailer may sell itself to Canadian retail giant
New York
THE unrest in the department store business seems to have no end in sight. Now potentially on the horizon: a tie-up that would turn several of the biggest luxury rivals into siblings.
Neiman Marcus, the struggling high-end retailer, is in talks to sell itself to the Hudson's Bay Co, the Canadian retail giant, according to a person briefed on the discussions. A deal would put Neiman Marcus under the same umbrella as Saks Fifth Avenue and Lord & Taylor.
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