Hudson's Bay Co. buying Neiman Marcus for US$2.65 billion

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Hudson's Bay Co. buying Neiman Marcus for US$2.65 billion
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TORONTO — Hudson's Bay Co. has announced a deal to buy luxury department store rival Neiman Marcus for US$2.65 billion.

TORONTO — Hudson's Bay Co. has announced a deal to buy luxury department store rival Neiman Marcus for US$2.65 billion.

It says it intends to re-establish HBC's Canadian business of stores and online retailing as a stand-alone entity with significantly reduced leverage and enhanced liquidity.HBC has spent recent years working to revamp its operations after closing Home Outfitters in 2019, the same year it sold Lord & Taylor to fashion rental subscription company Le Tote Inc.

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Hudson's Bay Co. to purchase U.S. department store Neiman Marcus: reportsHudson's Bay Co. to purchase U.S. department store Neiman Marcus: reportsHudson's Bay Co. has reached a deal to buy luxury department store chain Neiman Marcus, according to media reports.
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Hudson's Bay Co. to buy U.S. store Neiman Marcus: reportsHudson's Bay Co. to buy U.S. store Neiman Marcus: reportsHudson's Bay Co. has reached a deal to buy luxury department store chain Neiman Marcus, according to media reports.
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The Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion USDThe Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion USDCanadian business group and retailer Hudson's Bay Company is buying out US-based luxury department store chain Neiman Marcus, according to The Wall...
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Saks owner to buy luxury retailer Neiman Marcus in $2.65 billion dealSaks owner to buy luxury retailer Neiman Marcus in $2.65 billion dealHBC, the parent firm, said it will establish Saks Global, a combined entity of Saks Fifth Avenue, Neiman Marcus and other luxury retail and real estate...
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