Neiman Marcus reportedly in talks to sell to Hudson’s Bay

Like many department stores, Neiman Marcus has been struggling for years to meet customer demand for seamless shopping across online and offline channels. The private company recently pulled plans for a long-awaited initial public offering, which it had filed for in 2015, and has hired investment bank Lazard Ltd to explore restructuring its ballooning $4.9 billion debt load, sources close to the matter told Reuters earlier this month, while adding there is no immediate threat of bankruptcy.