Possible Merger of Saks and Neiman Marcus Poses Interesting Questions

PE firm KKR looks to merge two uneasy rivals: Saks and Neiman Marcus

PE firm KKR looks to merge two uneasy rivals: Saks and Neiman Marcus

Saks Inc. and Neiman Marcus Group Inc. are each on a shopping trip—to sell themselves. And in one financier’s eye, they could end up in the same bag.

Saks, the high-end department store, has hired Goldman Sachs Group Inc. to explore alternatives possibly including a sale, according to a person familiar with the matter.

Neiman Marcus, meanwhile, has been exploring options including a sale or public offering. The luxury retailer is owned by private-equity firms TPG and Warburg Pincus LLC. Saks is publicly held.

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