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June 14, 2017

Neiman Marcus buyout talks end

NEW YORK (AP) — Neiman Marcus is on its own as it tries to turn around its weak business.

The upscale department store chain confirmed Tuesday that talks for a partial sale or outright purchase of the company have ended. The Wall Street Journal had earlier reported that talks had stalled between Neiman Marcus and Hudson's Bay, which operates such chains as Lord & Taylor and Saks Fifth Avenue.


 
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