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14 hours ago · NEW YORK CITY, New York: The parent company of Saks Fifth Avenue has signed a deal to acquire upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion. The new entity, called Saks Global, will also include a minority stake from Amazon. Saks Global will comprise the Saks Fifth Avenue and Saks OFF ...
14 hours ago · Neiman Marcus, which filed for bankruptcy protection in May 2020 and emerged in September, has faced challenges similar to those of its peers. The new entity, Saks Global, will include HBC's and Neiman Marcus Group's real estate assets, creating a $7 billion portfolio of luxury retail properties.
14 hours ago · A May 2024 data breach disclosed by American luxury retailer and department store chain Neiman Marcus last month has exposed more than 31 million customer email addresses, according to Have I Been Pwned founder Troy Hunt, who analyzed the stolen data. Hunt's findings come after the company...
14 hours ago · Or take Hudson Yards. Just the eastern portion, built over a train yard, contains some of New York City’s biggest office skyscrapers, a retail concourse at one time anchored by the city’s first Neiman Marcus, and some high-rise condos, with the western portion, supposedly apartment-tower dominated, still to come. Then there’s Essex Crossing.
2 hours ago · As a result, the category as a whole appears to be headed toward a period of consolidation: Saks parent company HBC recently paid $2.65 billion for Neiman Marcus Group, and activist investors recently raised their bid to buy out Macy’s, according to the Wall Street Journal. Sharmeelee Bala
14 hours ago · Massive Devaluation of Virgin Atlantic Delta One Redemptions by DDG. Saks Owner to Buy Neiman Marcus—With Help From Amazon by WSJ. Official: Lufthansa Acquiring Italy’s ITA Airways by OMaaT. Deals starting/expiring at the end of today or starting today ( view the full deal calendar here ): Wells Fargo $325 Checking Bonus – Available Online.
4 hours ago · NASA's upcoming CubeSat Radio Interferometry Experiment, known as CURIE, is poised to embark on a mission to unravel the mysteries surrounding solar radio waves.. Scheduled for launch on July 9 ...
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