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1 day ago · By ANNE D'INNOCENZIO / AP. July 4, 2024 2:12 PM EDT. T he parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The new entity would be called ...
1 day ago · The parent company of Saks Fifth Avenue is purchasing rival store Neiman Marcus as part of a blockbuster $2.65 billion deal that hopes to retain both brands' wealthy shoppers.
2 days ago · The FTC is expected to make a “second request” for information from Saks, which already supplied some to the government, and Saks will have to make a case for the combination, likely pressing how both brands have a greater chance of surviving, and thriving, under one corporate entity rather than as separate companies. Saks will also stress ...
3 days ago · Saks Fifth Avenue’s parent company is nearing a $2.65bn deal to buy its luxury department rival Neiman Marcus with the backing of tech giants Amazon and Salesforce, said two people with ...
1 day ago · 5 min. The owner of Saks Fifth Avenue will acquire Neiman Marcus under a $2.65 billion deal announced Thursday, culminating years of fitful talks between a pair of legacy retailers vying to ...
2 days ago · Thu, Jul 4, 2024, 1:36 PM 2 min read. (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 ...
2 days ago · The parent company of department store chain Saks Fifth Avenue has agreed to buy luxury retailer Neiman Marcus in a $2.6bn deal.. The deal, which had been rumored ever since Neiman Marcus filed for bankruptcy protection during the Covid-19 pandemic, is part of Hudson’s Bay Company’s plan to build a luxury department store that will become the dominant player in the industry.
