Neiman Marcus in talks with Hudson's Bay: source

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.