Neiman Marcus says it is Exploring Alternatives, Including Sale

Neiman Marcus says it is Exploring Alternatives, Including Sale

Luxury fashion retailer Neiman Marcus Group Ltd LLC said on Tuesday it was exploring strategic alternatives, including a sale of the company.

Neiman Marcus, which withdrew its initial public offering in January, also reported a 6.1 percent drop in second-quarter revenue.

The retailer has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, Reuters reported this month. 

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