Dallas leaders float ‘financially beneficial' opportunity for Neiman Marcus, Saks Global [Yahoo! Finance]
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Source: Yahoo! Finance
The city of Dallas is not giving up on the iconic Neiman Marcus location downtown, which the luxury department store's new owner says will close in a couple of weeks. Dallas City Manager Kimberly Bizor Tolbert on Thursday sent a letter to HBC and Saks Global Executive Chairman Richard Baker requesting a meeting to discuss the March 31 closure of the downtown Neiman Marcus store. HBC late last year acquired the Texas-based luxury department store and its Bergdorf Goodman business for $2.7 billion and combined them with Saks Fifth Avenue and off-price chain Saks Off 5th to form Saks Global. Tolbert said she and a consortium of civic leaders are “prepared to discuss an opportunity that you will find 1) financially beneficial to your company, 2) beneficial to the Neiman Marcus brand equity and the continued support, loyalty and goodwill with your Texas clientele, and 3) creative and doable.” “We understand that you have previously publicly stated your desire to close the Neiman Mar
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