The Neiman Marcus Group, in another maneuver to fix its debt-laden capital structure and focus on core businesses, is considering selling Mytheresa, the Munich-based luxury web site purchased by the company four-and-a-half years ago. Neiman's disclosed that it has "commenced a process to explore and evaluate strategic alternatives," but said no decision has been made to pursue any specific transaction or other strategic alternative. "There can be no assurance that the exploration of strategic alternatives will result in the completion of any transaction," the company said.

Neiman's purchased the Mytheresa.com online luxury business in September 2014 from founders Christoph and Susanne Botschen and Acton Capital Partners. NMG also acquired the Mytheresa flagship store, located in the heart of Munich, from the Botschen family.

Mytheresa, for the nine months ended March 31, had $311.5 million in sales and $17.4 million in operating EBITDA.

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