Neiman Marcus buying

DALLAS (AP) — The Neiman Marcus Group has reached a deal to buy upscale German retailer

The Dallas-based luxury retailer on Monday announced the agreement with Christoph and Susanne Botschen and Acton Capital Partners.

No purchase price was released on the acquisition expected to close later this year.

The deal also includes Neiman Marcus acquiring the Theresa flagship luxury fashion store in Munich from the Botschen family.

- FWBP Digital Partners -