Andrew Burnstine – Retail Matters

The on-again, off-again takeover talks that restarted last summer are in their final stages and are expected to result in Saks and Neiman Marcus coming together in a roughly $3 billion deal in the next month.

It’s an acquisition that promises to reset the luxury department store landscape.

But first, the actual deal has to be put together, and questions about the transaction’s financing have long loomed over the process. Now, it seems the answer might come with a twist.

The funds for the deal are said to be coming from at least two unusual sources — Europe e-commerce giant Zalando and Indian retail and real estate player Reliance.

 

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