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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. In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion ...

2. apnews.com › article › saks-fifth-avenue-neimanParent company of Saks Fifth Avenue to buy Neiman Marcus for ...

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   1 day ago · NEW YORK (AP) — 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 $2.65 billion, with online behemoth Amazon holding a minority stake. The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has ...

3. www.cnn.com › 2024/07/05 › businessSaks Fifth Avenue and Amazon are buying Neiman Marcus

   www.cnn.com › 2024/07/05 › business

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   1 day ago · Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. And Amazon wants to help. Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 ...

4. People also ask

   What is Saks global?

   • The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players, from online marketplaces that sell luxury goods to upscale fashion and accessories brands opening up their own stores.

   Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 b…

   apnews.com/article/saks-fifth-avenue-neiman-marcus-takeover-4dc8ee9f03ed05def9a54043e1205d00

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   Who owns Saks Fifth Avenue & Bergdorf Goodman?

   • The new organization will comprise 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 purchased Saks in 2013. The stores will continue to operate under their own brand names.

   Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 b…

   apnews.com/article/saks-fifth-avenue-neiman-marcus-takeover-4dc8ee9f03ed05def9a54043e1205d00

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   Who owns Saks?

   • Saks owner Hudson Bay Company (HBC) will provide $2 billion of financing through its existing investors, including HBC chairman and CEO Richard Baker and his son’s private-equity firm NRDC Equity Partners. Apollo Global Management will throw in another $1.15 billion in debt financing and Amazon and Salesforce will take a minority stake in the deal.

   Nordstrom May Be Surprise Winner From Saks-Neiman Marcus Merger

   www.forbes.com/sites/pamdanziger/2024/07/04/nordstrom-may-be-surprise-beneficiary-from-saks-neiman-marcus-merger/

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   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

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5. 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

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   2 days 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 ...

6. www.npr.org › 2024/07/04 › nx-s1-5028550Saks buys Neiman Marcus, and Amazon gets a stake : NPR

   www.npr.org › 2024/07/04 › nx-s1-5028550

   1 day ago · Saks and Neiman Marcus have long weighed the idea of combining forces to confront a changing market. Neiman was the first department store to topple into bankruptcy at the start of the pandemic ...

7. www.forbes.com › sites › pamdanzigerNordstrom May Be Surprise Winner From Saks-Neiman ... - Forbes

   www.forbes.com › sites › pamdanziger

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   2 days ago · The Wall Street Journal just broke the news that luxury retail leaders Saks Fifth Avenue and Neiman Marcus Group (NMG) have reached a merger agreement. Saks will pay $2.65 billion to acquire NMG ...

8. www.cnbc.com › 2024/07/04 › saks-fifth-avenue-parentSaks Fifth Avenue parent HBC to acquire Neiman Marcus Group

   www.cnbc.com › 2024/07/04 › saks-fifth-avenue-parent

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   2 days ago · Key Points. Saks Fifth Avenue parent HBC said Thursday that it would purchase Neiman Marcus Group in a deal valued at $2.65 billion. The combination will establish Saks Global, which will include ...