Saks owner to buy luxury retailer Neiman Marcus in $2.65 billion deal
- The parent of Saks Fifth Avenue said on Thursday it has agreed to buy rival luxury retailer 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.Scan QR code to install app
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.
Saks owner to buy Neiman Marcus — with help from AmazonThe parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar — all with a little help from Amazon.
Read more »
Saks owner said to be nearing deal to buy Neiman Marcus for $2.65 billionThe owner of Saks Fifth Avenue is reportedly close to acquiring Neiman Marcus Group for $2.65 billion.
Read more »
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billionCanada's Hudson Bay, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus, according to a report.
Read more »
Saks parent company reportedly buying Neiman MarcusThere is no word yet on how this will impact the Dallas headquarters.
Read more »
Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stakeThe deal will give Amazon unprecedented access to the luxury market — a tricky segment where the company has tried and mostly failed to get a credible foothold for more than a decade.
Read more »
Neiman Marcus is being purchased by Saks for $2.65 billion, according to reportsIn a $2.65 billion deal, the parent of Saks Fifth Avenue is purchasing Neiman Marcus.
Read more »