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1. • • Hudson's Bay Company, which owns Saks Fifth Avenue, will buy Neiman Marcus and Bergdorf Goodman in a $2.65 billion deal announced Thursday. The luxury retailers will be combined under a new entity, Saks Global, but will continue to operate under their existing brand names.
     Reference:

     Saks buys Neiman Marcus in $2.65B deal - The Week

2. People also ask

   Who owns Neiman Marcus & Saks Fifth Avenue?

   • Saks Fifth Avenue parent Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion, the privately-held upscale retailers said Thursday in a joint announcement. The combined entity, to be called Saks Global, will have a combined $7 billion portfolio of retail real estate assets, HBC and Neiman said in a statement.

   Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion

   www.cbsnews.com/news/saks-fifth-avenue-neiman-marcus-amazon/

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   Could Neiman Marcus reposition Saks Fifth Avenue to 'true luxury'?

   • While many have suggested that Saks Fifth Avenue could be more clearly repositioned toward the “accessible luxury” space, while Neiman Marcus could solidify its position in “true luxury,” this isn’t so clearly a workable strategy.

   The Saks/Neiman Marcus Deal: The Good, The Bad, And The ... - Forbes

   www.forbes.com/sites/stevendennis/2024/07/08/the-saksneiman-marcus-deal-the-good-the-bad-and-the-complicated/

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   Who is Saks Fifth Avenue?

   • About Saks Fifth Avenue Saks Fifth Avenue is the leading name in luxury shopping. Since 1924, the brand has maintained a reputation for delivering an expertly curated assortment of fashion and highly personalized service.

   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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   How does Saks Fifth Avenue work?

   • The Saks Fifth Avenue experience offers seamless all-channel shopping through an elevated digital platform and in-person services provided by an extraordinary network of 39 Saks Fifth Avenue stores across North America. Shop on Saks.com and the Saks app, or visit Saks.com to find a Saks Fifth Avenue store location near you.

   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 are Saks Fifth Avenue & Neiman Marcus & Bergdorf Goodman?

   • For over 100 years, Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman have been deeply committed to helping luxury consumers discover the latest fashion from established and emerging designers.

   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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   What's going on with Saks OFF 5TH & SFA?

   • Key functions of the Saks.com, the Saks Fifth Avenue stores known as SFA, and Saks Off 5th companies are being merged under the Saks Global umbrella. The strategy represents an effort to create efficiencies and will lead to what sources said were about 100 layoffs, or 1 percent of the staff, including the elimination of certain positions.

   Saks Deal Triggers Layoffs; Shifts Key Execs to Saks Global Roles - WWD

   wwd.com/business-news/retail/saks-deal-consolidation-layoffs-executive-appointments-1236501936/

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3. www.forbes.com › sites › stevendennisThe Saks/Neiman Marcus Deal: The Good, The Bad, And The ...

   www.forbes.com › sites › stevendennis

   • Cached

   Jul 8, 2024 · While many have suggested that Saks Fifth Avenue could be more clearly repositioned toward the “accessible luxury” space, while Neiman Marcus could solidify its position in “true luxury ...

4. Top stories

   • InkFreeNews

     Saks Fifth Avenue return problem

     Saks Fifth Avenue refuses to accept a $10,854 gold ring as a return. The reason: The company says it’s damaged. Is Thomas Gunderson stuck with this purchase? I ordered an Origami Crossover Ring In 18K Yellow Gold With Diamonds for $10,854 from Saks Fifth Avenue.

     6 days ago

   • 

     The Daily Courier

     Problem Solved: Saks Fifth Avenue return problem: Why won't they accept this $10,854 gold ring?

     6 days ago

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     bestproducts

     Saks Fifth Avenue Is Selling the Dyson Supersonic For $100 Off — Shop Before It Sells Out

     3 days ago

   • US Weekly on MSN.com

     14 Chic Deals to Shop During the Saks Fifth Avenue Fall Sale

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     Target Is Selling a $40 Denim Bomber Jacket Similar to REVOLVE and Saks Fifth Avenue Styles Almost 14x the Price

     6 days ago

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

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

   • Cached

   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.

6. wwd.com › business-news › retailSaks-Neiman’s Merger Has Finally Arrived: What Are the ...

   wwd.com › business-news › retail

   • Cached

   Jul 3, 2024 · After a years-long pursuit, and endless speculation, Richard Baker’s Hudson’s Bay Co. has reached a definitive agreement to buy the Neiman Marcus Group for a total enterprise value of $2.65...

7. Videos

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     Saks Fifth Avenue unveiled their... - New York City Kopp

     20 Nov 2023

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     Saks Fifth Avenue Holiday Light Show & Windows 2023 Opening Ceremony - Dior Carousel of Dreams

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8. wwd.com › business-news › retailSaks Deal Triggers Layoffs; Shifts Key Execs to Saks ... - WWD

   wwd.com › business-news › retail

   • Cached

   Jul 23, 2024 · Key functions of the Saks.com, the Saks Fifth Avenue stores known as SFA, and Saks Off 5th companies are being merged under the Saks Global umbrella.

   • Author: David Moin

9. www.retaildive.com › news › saks-global-confirmsSaks Global confirms layoffs - Retail Dive

   www.retaildive.com › news › saks-global-confirms

   • Cached

   Jul 25, 2024 · Following the announcement that Saks Fifth Avenue owner HBC has an agreement to acquire rival Neiman Marcus Group for $2.65 billion, Saks on Wednesday confirmed a shakeup of its...

   • Author: Daphne Howland

10. www.nytimes.com › 2024/07/03 › businessSaks Acquires Neiman Marcus - The New York Times

    www.nytimes.com › 2024/07/03 › business

    Jul 3, 2024 · In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate...

11. www.cbsnews.com › news › saks-fifth-avenue-neimanSaks Fifth Avenue owner buying Neiman Marcus for $2.65 billion

    www.cbsnews.com › news › saks-fifth-avenue-neiman

    • Cached

    Jul 4, 2024 · Saks Fifth Avenue parent Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion, the privately-held upscale retailers said Thursday in a joint announcement. The combined entity, to...