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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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   Is Saks buying Neiman Marcus?

   • Saks Fifth Avenue store at the Waterside Shops. (Photo by John Greim/LightRocket via Getty Images) The news that Saks is buying its long-time luxury department store nemesis Neiman Marcus seemed inevitable for years. In fact, I recently opined in my 2024 predictions that circumstances would finally conspire to make it a reality.

   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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   Are Neiman Marcus and Saks similar?

   • In most of the United States (putting aside the Saks flagship store on 5th avenue and the Bergdorf Goodman location just up the street) the Saks and Neiman Marcus value propositions are quite similar and, unless something has changed more recently, I know from my own work that there are many, many shared customers.

   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 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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   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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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 · Saks buying long-term rival Neiman Marcus may create a stronger combined entity but there are many vexing issues to be resolved if and when the deal receives FTC approal.

4. Videos

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     Saks Fifth Avenue and Amazon team up to buy Neiman Marcus

     5 Jul 2024

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     Parent company of Saks Fifth Avenue reportedly agrees to buy Neiman Marcus

     3 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.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.

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.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...

9. 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...