Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue parent company HBC announced Thursday a $2.65 billion deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman.
HBC said that after the deal goes through it will launch Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman. Each of these legacy retailers will continue to operate under their respective brands.
“We're thrilled to take this step in bringing together these iconic luxury names,” said Richard Baker...
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