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Neiman Marcus buying

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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.



Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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