Pursuits
KKR Said to Weigh Push for Saks-Neiman U.S. Luxury Retail Merger
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KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is weighing an investment in Saks Inc. and may seek a merger with rival Neiman Marcus Group Inc., said people with knowledge of the matter.
The deliberations may not lead to a transaction, said one of the people, who asked not to be named as the process is private. It wasn’t immediately clear whether KKR had approached New York-based Saks.