Neiman Marcus Group Puts Itself Up for Sale

It is not looking good for Neiman Marcus Group. The group is exploring "strategic alternatives" with one of the options to sell the company. Company's heavy debt of $4.9 billion and decline in sales is what dragging the company down. The debt load stems from the $6 billion acquisition of the company by the Canada Pension Plan Investment Board and Ares Management in 2013.

Hudson’s Bay Co. is said to be in talks about a possible takeover of Neiman’s.