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Marc Metrick, the executive poised to lead Neiman Marcus after its sale to rival Saks Fifth Avenue, says there are no plans to shrink either of the luxury department store chains after the $2.65 billion deal is completed.
In other news - HBC, the parent company of Saks Fifth Avenue, announced it’s buying retailer Neiman Marcus. The $2.65 billion merger prompted HBC to create a new firm, dubbed Saks Global, that combines Saks,
Consumer companies rose amid deal activity. Luxury chain Saks Fifth Avenue agreed to buy rival Neiman Marcus for about $2.65 billion, with backing from Amazon.com, as high-end retailers fend off competition from fast fashion.
HBC, the parent company of upscale fashion retailer Saks Fifth Avenue, announced it would acquire Dallas-based Neiman Marcus on Thursday in a sale worth $2.65 billion. Neiman Marcus was founded in downtown Dallas in 1907 and has been a luxury fashion leader worldwide ever since,
The new organization will comprise the Saks Fifth Avenue and Saks OFF 5TH brands, Neiman Marcus and Bergdorf Goodman.
Saks Fifth Avenue's parent company acquires Neiman Marcus for $2.65 billion, forming Saks Global to boost luxury retail power.
New York-based Saks Fifth Avenue and Dallas-based Neiman Marcus are two of the most quintessential names in luxury fashion and retail — and a deal that will combine the two under umbrella company “Saks Global” is poised to disrupt the market.
Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group,
H udson's Bay Company, which owns Saks Fifth Avenue, will buy Neiman Marcus and Bergdorf Goodman in a $2.65 billion deal announced Thursday. The luxury retailers will be combined under a new entity, Saks Global,
Saks Fifth Avenue and Neiman Marcus are merging to create a luxury retail network — and Amazon has a stake in the deal, too. Saks owner HBC announced the $2.65 billion acquisition and new retail powerhouse known as Saks Global in a press release on Thursday.
HBC confirmed on Friday that will it acquire Neiman Marcus Group for $2.65 billion. The combination of Neiman Marcus with the company that already owns Saks Fith Avenue is expected to fuel growth and benefit customers,
Iconic Dallas-based luxury department store chain Neiman Marcus will be sold to the parent company of rival Saks Fifth Avenue in a $2.65 billion deal, the two companies confirmed Thursday, a day after the sale was first reported.
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for
When the deal closes, privately held HBC will form a new company, Saks Global, to include Saks Fifth Avenue, Saks Off 5th, Neiman Marcus and Bergdorf Goodman, which all will conti
Saks Fifth Avenue's holding company has agreed to buy retail rival Neiman Marcus' parent in a $2.65 billion deal. Saks Fifth Avenue's holding company has agreed to buy luxury retail rival Neiman Marcus' parent in a $2.