Who Will Own Whom?
By George Anderson
For those on the retailing merger and acquisition hot stove circuit disappointed at the apparent failure of May and Federated Department Stores to work out a deal, do not fret.
While that deal doesn’t appear to be going anywhere, another high-profile department store chain, Neiman Marcus, may be on the block. The company has a policy of not commenting
on rumors, but fortunately, no such restrictions are placed on the business and trade press.
A Dallas Morning News article, citing earlier reports by Women’s Wear Daily and The New York Times, said the company or at least major shareholders are considering their options which may include a sale, or perhaps more likely, an acquisition.
The Morning News report suggested the latter is more likely based on comments made by the retailer’s top executive. Burton Tansky, Neiman Marcus’ CEO, has said the company is “always looking for opportunities” when asked about the chain’s growth plans in the past.
Moderator’s Comment: Play dealmaker. Put together the perfect merger or acquisition scenario. What companies would be involved and why would the deal
make sense? –
George Anderson – Moderator