HBC, 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...
- The parent of Saks Fifth Avenue said on Thursday it has agreed to buy rival luxury retail er Neiman Marcus in a $2.65 billion deal.
The deal was announced at a time when luxury retailers are battling slowing demand as high borrowing costs force customers to crimp budgets following a luxury retail boom after the COVID-19 pandemic.Neiman Marcus is known for selling designer dresses, shoes, handbags and other luxury products.Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla
'Warren Buffett knows this': Michael Saylor warns that the US dollar is on track to lose 99.9% of its valueTFSA Investors: 2 Great Stocks to Buy in July and Hold Forever Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
Saks Fifth Avenue Luxury Retail Marc Metrick Saks Global
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Daily Chase: HBC owner buys Neiman Marcus with Amazon's helpHere are five things you need to know this morning.
Read more »
Saks owner to buy Neiman Marcus with help from Amazon, WSJ reportsNeiman Marcus went bankrupt in 2020 in part as pandemic-led lockdowns hampered demand for luxury goods. The boards of Saks parent HBC and Neiman Marcus have...
Read more »
Saks owner to buy Neiman Marcus with help from Amazon, media reportsThe parent of Saks Fifth Avenue sealed a US$2.65-billion deal to buy rival Neiman Marcus with help from Amazon, media reported
Read more »
Saks Owner Nears $2.65 Billion Neiman Deal With Amazon BackingThe owner of Saks Fifth Avenue is close to acquiring Neiman Marcus Group for $2.65 billion, according to a person familiar with the matter — a deal that would unite America’s two largest high-end department-store chains in a bid to grab a bigger share of a slowing industry.
Read more »
Saks’ Online CEO Says Amazon to Help ‘Future-Proof’ Neiman DealAmerica’s two largest luxury department-store chains are combining — and they’ll rely in part on the tech expertise of Amazon.com Inc. and Salesforce Inc. to help them buck the struggles facing their sector.
Read more »
The 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...
Read more »