Video: KKR Said to Weigh Push for Saks-Neiman U.S. Retail Merger

KKR & Co., the private equity firm run by Henry Kravis and George Roberts, is weighing an investment in Saks and may seek a merger with rival Neiman Marcus, 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. Merging the two would create an upscale department-store chain with more than $7 billion in annual sales