 Sachs parent company HBC is purchasing the high-end department store for $2.65 billion in a deal that has been rumored since Neiman Marcus filed for bankruptcy protection during the pandemic. The Wall Street Journal reports the deal has been approved by both companies' boards. Paul DiCastro, NBC News Radio, New York. Consumer and Business News, Erin Royale, NBC News Radio. Hi, thank you, Erin. Our news time now, 7.15. Good morning.