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1. • • Two of the biggest luxury department store chains in the country are joining forces, with a boost from Amazon. 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.
     www.latimes.com/business/story/2024-07-03/saks-neiman-marcus-amazon-deal

     Saks owner said to be nearing deal to buy Neiman Marcus for ...

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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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   Who owns Neiman Marcus?

   • HBC, the owner of Saks and the Canadian chain Hudson's Bay, has agreed to buy Neiman Marcus, which also owns Bergdorf Goodman. Amazon will take a stake in the new combined company, slated to provide technology and logistics as part of the deal. Another tech partner, Salesforce, will also be a minority shareholder.

   Saks buys Neiman Marcus, and Amazon gets a stake : NPR

   www.npr.org/2024/07/04/nx-s1-5028550/saks-buys-neiman-marcus-amazon-luxury-department-stores

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   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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   Who is buying 117-year-old Neiman Marcus?

   • Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus.

   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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   Will Saks Buy Neiman Marcus?

   • According to the rumors, Saks has been wanting to buy Neiman Marcus and has been husbanding its cash for years to do it. Now The Wall Street Journal reports it’s actually happening. The deal could be announced tonight or tomorrow. This chart explains why. The chart that explains the deal.

   Saks Paying $2.6 Billion For Neiman Marcus. Amazon Will Invest. Here’s …

   www.forbes.com/sites/richardkestenbaum/2024/07/03/saks-to-buy-neiman-marcus-and-amazon-will-invest-why-this-is-happening/

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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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3. 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 · 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...

4. www.forbes.com › sites › richardkestenbaumSaks Paying $2.6 Billion For Neiman Marcus. Amazon Will ...

   www.forbes.com › sites › richardkestenbaum

   • Cached

   Jul 3, 2024 · According to The Wall Street Journal, Amazon will invest alongside Saks in the combined company and provide technological and logistical support.

   • Author: Richard Kestenbaum

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     Saks Owner to Buy Neiman Marcus, With Help From Amazon

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6. 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 · Amazon is facilitating the deal by taking a minority stake in Saks Global. The acquisition is being financed with $2 billion raised by HBC, and affiliates of Apollo Global Management are offering...

7. 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...

   • Email: andrea.chang@latimes.com

   • Occupation: Staff Writer

8. www.bloomberg.com › news › articlesSaks Owner Seals $2.65 Billion Neiman Deal With Amazon Help

   www.bloomberg.com › news › articles

   • Cached

   Jul 3, 2024 · The owner of Saks Fifth Avenue is acquiring Neiman Marcus Group for $2.65 billion — a deal that will unite America’s two largest high-end department-store chains in a bid to grab a bigger share...

   • Author: Jeannette Neumann

9. www.npr.org › 2024/07/04 › nx-s1-5028550Saks buys Neiman Marcus, and Amazon gets a stake : NPR

   www.npr.org › 2024/07/04 › nx-s1-5028550

   Jul 4, 2024 · HBC, the owner of Saks and the Canadian chain Hudson's Bay, has agreed to buy Neiman Marcus, which also owns Bergdorf Goodman. Amazon will take a stake in the new combined company, slated...

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...