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1. • • NEW YORK, July 04, 2024 -- (BUSINESS WIRE)--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group ("NMG"), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.
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     HBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus ...

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   Will HBC Buy Neiman Marcus?

   • Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman.

   Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group

   www.cnbc.com/2024/07/04/saks-fifth-avenue-parent-hbc-to-acquire-neiman-marcus-group.html

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   Does Saks Fifth Avenue have a Neiman Marcus store?

   • Saks Fifth Avenue store at the Waterside Shops. Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.

   Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group

   www.cnbc.com/2024/07/04/saks-fifth-avenue-parent-hbc-to-acquire-neiman-marcus-group.html

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   Who owns Neiman Marcus Group?

   • NEW YORK-- ( BUSINESS WIRE )--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.

   HBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus Group for …

   www.businesswire.com/news/home/20240704775954/en/HBC-Parent-of-Saks-Fifth-Avenue-to-Acquire-Neiman-Marcus-Group-for-2.65-Billion-and-Establish-Saks-Global-a-Technology-Powered-Luxury-Retail-Company

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   Why did HBC buy Saks global?

   • The deal comes with luxury retailers battling slowing demand as high interest rates and inflation force customers to crimp budgets, following a luxury retail boom after the pandemic. HBC said it will establish Saks Global, a combined entity of Saks Fifth Avenue, Neiman Marcus and other luxury retail and real estate assets.

   Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal

   www.reuters.com/markets/deals/saks-owner-buy-luxury-retailer-neiman-marcus-265-billion-deal-2024-07-04/

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   Will Saks global include HBC & Neiman Marcus?

   • Saks Global will also include HBC’s U.S. real estate assets and Neiman Marcus Group’s real estate assets, creating a $7 billion portfolio of well-located retail real estate assets in top-tier luxury shopping destinations.

   News Releases - Neiman Marcus Group

   www.neimanmarcusgroup.com/HBC,-Parent-of-Saks-Fifth-Avenue,-to-Acquire-Neiman-Marcus-Group-for-2-65-Billion-and-Establish-Saks-Global,-a-Technology-Powered-Luxury-Retail-Company

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   Who owns Neiman Marcus & Bergdorf Goodman?

   • NEW YORK--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.

   News Releases - Neiman Marcus Group

   www.neimanmarcusgroup.com/HBC,-Parent-of-Saks-Fifth-Avenue,-to-Acquire-Neiman-Marcus-Group-for-2-65-Billion-and-Establish-Saks-Global,-a-Technology-Powered-Luxury-Retail-Company

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3. www.neimanmarcusgroup.com › HBC,-Parent-of-SaksHBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus ...

   www.neimanmarcusgroup.com › HBC,-Parent-of-Saks

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   NEW YORK--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.

4. finance.yahoo.com › news › hbc-parent-saks-fifthHBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus ...

   finance.yahoo.com › news › hbc-parent-saks-fifth

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   Jul 4, 2024 · NEW YORK, July 04, 2024 -- (BUSINESS WIRE)--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group ("NMG"), parent company of...

5. www.businesswire.com › news › homeHBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus ...

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   Jul 4, 2024 · NEW YORK-- (BUSINESS WIRE)--HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and...

6. financialpost.com › news › retail-marketingWhat you need to know about HBC's deal to buy Neiman Marcus ...

   financialpost.com › news › retail-marketing

   Jul 4, 2024 · The owner of Canada’s Hudson’s Bay department store chain is acquiring Dallas-based Neiman Marcus Group for US$2.65 billion in a deal that will lead to the creation of a new luxury goods company that includes HBC’s Saks Fifth Avenue.

7. www.reuters.com › markets › dealsSaks owner to buy luxury retailer Neiman Marcus in $2.65 ...

   www.reuters.com › markets › deals

   Jul 4, 2024 · July 4 (Reuters) - Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating...

8. www.cnbc.com › 2024/07/04 › saks-fifth-avenue-parentSaks Fifth Avenue parent HBC to acquire Neiman Marcus Group

   www.cnbc.com › 2024/07/04 › saks-fifth-avenue-parent

   Jul 4, 2024 · Saks Fifth Avenue parent HBC said Thursday that it would purchase Neiman Marcus Group in a deal valued at $2.65 billion. The combination will establish Saks Global, which will include Saks...

9. finance.yahoo.com › news › saks-fifth-avenue-ownerSaks Fifth Avenue Owner to Buy Neiman Marcus for $2.65 ...

   finance.yahoo.com › news › saks-fifth-avenue-owner

   Jul 3, 2024 · Chatter over a marriage of the two luxury retailers went into overdrive when HBC bought Saks Fifth Avenue eleven years ago, and its chairman and chief executive officer Richard Baker instantly...