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1. • • 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 high-end department store behemoth, the companies announced on Wednesday.
     www.nytimes.com/2024/07/03/business/saks-fifth-avenue-neiman-marcus.html

     Saks Acquires Neiman Marcus - The New York Times

2. People also ask

   Who owns Saks Fifth Avenue & Neiman Marcus?

   • The owner of Saks Fifth Avenue has agreed to buy rival Neiman Marcus Group for $2.65 billion, the companies announced Thursday. Amazon.com Inc. and Salesforce Inc. will help facilitate the deal by Saks owner Hudson’s Bay Co. The tech firms will take minority stakes in a new company, called Saks Global, according to Thursday’s news release.

   Saks owner said to be nearing deal to buy Neiman Marcus for $2.65

   www.latimes.com/business/story/2024-07-03/saks-neiman-marcus-amazon-deal

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   Will Amazon Buy Neiman Marcus?

   • And Amazon wants to help. Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the two namesake department stores plus Saks Off 5th discount store and the upscale Bergdorf Goodman.

   Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help

   www.cnn.com/2024/07/05/business/saks-fifth-avenue-neiman-marcus-amazon/index.html

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   Will Neiman Marcus buy Saks global?

   • The acquisition of Neiman Marcus makes Saks Global, as the new group will be called, the dominant player in its market, with a combined 75 stores (including two Bergdorf Goodman locations), as well as 100 off-price outlets. The new group’s only real rivals in the United States will be Macy’s, which also includes Bloomingdale’s, and Nordstrom.

   Saks Acquires Neiman Marcus - The New York Times

   www.nytimes.com/2024/07/03/business/saks-fifth-avenue-neiman-marcus.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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   How many Neiman Marcus stores are there?

   • The new company will bring together 39 Saks Fifth Avenue stores and 36 Neiman Marcus stores as well as two Bergdorf Goodman stores in Manhattan. Both chains also have outlets. In Southern California, Saks and Neiman Marcus each operate four department stores, including Beverly Hills locations down the street from each other on Wilshire Boulevard.

   Saks owner said to be nearing deal to buy Neiman Marcus for $2.65

   www.latimes.com/business/story/2024-07-03/saks-neiman-marcus-amazon-deal

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   Does Saks and Neiman Marcus have stores in Beverly Hills?

   • Both chains also have outlets. In Southern California, Saks and Neiman Marcus each operate four department stores, including Beverly Hills locations down the street from each other on Wilshire Boulevard. The deal comes during a tough period for the department store industry.

   Saks owner said to be nearing deal to buy Neiman Marcus for $2.65

   www.latimes.com/business/story/2024-07-03/saks-neiman-marcus-amazon-deal

   See all results for this question

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

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

   • Cached

   Upon transaction close, HBC will establish Saks Global, a combination of world-class luxury retail and real estate assets, including Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman, each of which will continue operations under their respective brands.

4. Videos

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     Saks Fifth Avenue and Amazon team up to buy Neiman Marcus

     5 Jul 2024

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     cbsnews.com

     Saks Fifth Avenue merging with Neiman Marcus in $2.65 billion deal

     4 Jul 2024

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     npr.org

     Luxury department store Saks buys Neiman Marcus, and Amazon gets a stake

     4 Jul 2024

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5. www.cnn.com › 2024/07/05 › businessSaks Fifth Avenue is buying Neiman Marcus with Amazon’s help

   www.cnn.com › 2024/07/05 › business

   • Cached

   Jul 5, 2024 · Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the two namesake department stores plus Saks...

6. 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...

7. fortune.com › 2024/07/05 › saks-fifth-avenue-groupSaks Fifth Avenue parent group buys rival Neiman Marcus Group ...

   fortune.com › 2024/07/05 › saks-fifth-avenue-group

   • Cached

   Jul 5, 2024 · The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth...

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

   www.businesswire.com › news › home

   • Cached

   Jul 4, 2024 · Upon closing of the transaction, Saks Global will comprise the Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman brands, which will continue operations under their...

9. www.latimes.com › saks-neiman-marcus-amazon-dealSaks owner said to be nearing deal to buy Neiman Marcus for ...

   www.latimes.com › saks-neiman-marcus-amazon-deal

   Jul 3, 2024 · The owner of Saks Fifth Avenue has agreed to buy rival Neiman Marcus Group for $2.65 billion, the companies announced Thursday. Amazon.com Inc. and Salesforce Inc. will help facilitate the deal...