Yahoo India Web Search

Search results

1. www.nytimes.com › 2024/07/03 › businessSaks Acquires Neiman Marcus - The New York Times

   www.nytimes.com › 2024/07/03 › business

   3 days ago · Jim Wilson/The New York Times. By Vanessa Friedman and Lauren Hirsch. July 3, 2024. In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has ...

2. time.com › 6995155 › parent-company-of-saks-fifthParent Company of Saks Fifth Avenue to Buy Rival Neiman ...

   time.com › 6995155 › parent-company-of-saks-fifth

   • Cached

   2 days ago · T he 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 $2.65 billion, with online behemoth ...

3. Images

   • 
   • 
   • 
   • 
   • 

   View all

4. www.ft.com › content › 49572efc-4cba-4944-974b-aaSaks owner nears $2.65bn deal for Neiman Marcus in luxury tie-up

   www.ft.com › content › 49572efc-4cba-4944-974b-aa

   • Cached

   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 ...

5. brandequity.economictimes.indiatimes.com › newsSaks Fifth Avenue: Saks owner to buy luxury retailer Neiman ...

   brandequity.economictimes.indiatimes.com › news

   • Cached

   1 day ago · Marc Metrick, CEO of the e-commerce Saks business, will run the combined company. Saks Global as a combined entity will compete with Nordstrom, Bloomingdale's and Macy's, which is reportedly in ...

6. finance.yahoo.com › news › saks-owner-buy-luxurySaks owner to buy luxury retailer Neiman Marcus in $2.65 ...

   finance.yahoo.com › news › saks-owner-buy-luxury

   • Cached

   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 ...

7. www.washingtonpost.com › business › 2024/07/04Saks parent company will acquire Neiman Marcus in $2.65 ...

   www.washingtonpost.com › business › 2024/07/04

   • Cached

   2 days ago · 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 attract a new ...

8. People also ask

   Will Saks Fifth Avenue Buy Neiman Marcus?

   • 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 attract a new generation of well-heeled shoppers. Get a curated selection of 10 of our best stories in your inbox every weekend.

   Saks parent company will acquire Neiman Marcus in $2.65 billion deal

   www.washingtonpost.com/business/2024/07/04/saks-neiman-marcus-merger/

   See all results for this question

   Who owns Saks global?

   • Existing HBC investor Rhone Capital, a private-equity firm, will be the lead investor in Saks Global. HBC is financing the deal with funds raised from new and existing shareholders and debt. Private-equity firm Apollo Global Management is providing $1.15 billion in debt financing.

   Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal

   finance.yahoo.com/news/saks-owner-buy-luxury-retailer-173636827.html

   See all results for this question

   Will Neiman Marcus buy Saks global?

   • The acquisition of Neiman Marcus makes Saks Global, as the new group will be called, the dominant player in its market, with a combined 75 stores (including two Bergdorf Goodman locations), as well as 100 off-price outlets. The new group’s only real rivals in the United States will be Macy’s, which also includes Bloomingdale’s, and Nordstrom.

   $2.65 Billion Saks-Neiman Marcus Acquisition Will Create a Luxury Retai…

   www.nytimes.com/2024/07/03/business/saks-fifth-avenue-neiman-marcus.html

   See all results for this question

   Why did HBC buy Saks global?

   • The deal comes with luxury retailers battling slowing demand as high interest rates and inflation force customers to crimp budgets, following a luxury retail boom after the pandemic. HBC said it will establish Saks Global, a combined entity of Saks Fifth Avenue, Neiman Marcus and other luxury retail and real estate assets.

   Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal

   finance.yahoo.com/news/saks-owner-buy-luxury-retailer-173636827.html

   See all results for this question

9. fashionunited.in › news › businessSaks parent company acquires Neiman Marcus, Amazon to be investor

   fashionunited.in › news › business

   • Cached

   2 days ago · According to multiple media reports, Saks parent company Hudson’s Bay Co. (HBC) has secured an agreement to purchase Neiman Marcus Group for a value of 2.65 billion dollars. It is further understood that marketplace giant Amazon is among the investors for the deal, alongside private equity firm Apollo and software company Salesforce.