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. Hudson’s Bay 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...

Source: Wall Street Journal June 09, 2017 19:07 UTC