What: Neiman Marcus executives are expected to discuss the possible selling of Bergdorf Goodman and the entire company this week.

Why it is important: The speculation is representative of the current state of the luxury market in the US and the potential sell could decrease the overall value of Neiman Marcus.

According to sources close to the situation, Neiman Marcus is set to meet with potential buyers this week.

With profitability decreasing, sources state that Neiman’s minority owners are looking to exit while its majority owner wants to maintain control and is optimistic about a turnaround.

The speculation comes as Bergdorf’s financials were leaked earlier in the month, showing that profitability had decreased, and revenue dropped 9% to USD 1 billion.

Neiman Marcus weighs possible sale of Bergdorf Goodman