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- 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.
www.cnn.com/2024/07/05/business/saks-fifth-avenue-neiman-marcus-amazon/index.htmlSaks Fifth Avenue is buying Neiman Marcus with Amazon’s help
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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.
Jul 4, 2024 · 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 power with vendors and...
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...
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...
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 Neiman Marcus...
Jul 4, 2024 · Canadian retailer Hudson's Bay Co. will buy luxury department store rival Neiman Marcus for $2.65 billion US, the company said Thursday. The deal was announced after months of speculation that...
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.