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  1. 23 hours ago · Saks, Inc. Saks Fifth Avenue flagship store. Saks Fifth Avenue is a chain owned by HBC since 2013. On 29 July 2013, Hudson's Bay Company announced that it would buy Saks, Inc., operator of the U.S. Saks Fifth Avenue brand, for US$2.9 billion, or $16 per share. The merger was completed on 3 November 2013.

  2. Jul 7, 2024 · saks fifth avenue neiman marcus Saks Fifth Avenue parent company has signed an agreement to buy upscale rival Neiman Marcus for $2.65 bn (£2.07 bn). The new entity will be called Saks Global, which will include the Saks Fifth Avenue and Saks Off 5TH brands, Neiman Marcus and Bergdorf Goodman, as well as the real estate assets of Neiman Marcus Group and HBC, a holding company that bought Saks ...

  3. Jul 7, 2024 · New York and Toronto-based HBC, a private holding company with a portfolio of businesses that includes some of the biggest names in retail, has owned Saks Fifth Avenue since 2013. Over the years several large investors have handed over ownership of Neiman Marcus.