Tag Archives: Saks Fifth Avenue

Saks Parent Acquires Neiman Marcus In $2.6B Deal

The New York Times reports: In a move that will further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth. The deal, which had been rumored since Neiman Marcus filed for bankruptcy protection during the pandemic, comes just over …

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