REPORT: Hudson's Bay is in talks to buy Neiman Marcus

The Canadian department store Hudson’s Bay Company is in talks to buy Neiman Marcus, CNBC reports, citing Dow Jones.

The deal would exclude debt, according to the report.

Neiman Marcus in January pulled its plans to go public.

Hudsons Bay last month reportedly made a takeover offer for another American retailer: Macy’s.

Those talks were reportedly preliminary and the two companies were also reportedly exporing other forms of cooperation outside ofa merger.

More to come..

NOW WATCH: The boss of 30,000 people shares how you can get a promotion at work by asking but without bragging

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at