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Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). [2] [3] [4] The acquisition was finalized in December 2024 and the purchase cost $2.7 billion. [5]
In October 2013, the Neiman Marcus Group was sold for $6 billion to Ares Management and the Canada Pension Plan Investment Board. [5] [6] In August 2015, the company again announced it was preparing for an initial public offering. [7] In late 2015 Neiman Marcus became a stand-alone company. In 2018 Geoffroy van Raemdonck replaced Karen Katz as ...
Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. Since 2024 it has been owned by Saks Global , the American division of the Hudson's Bay Company .
The Neiman Marcus Group is in recovery mode and prepared “to invest and to create new initiatives that really solidify our place in the industry.” So said Bob Kupbens, the company’s ...
After filing for bankruptcy shortly into the pandemic—and emerging, guns blazing, three months later—leaders at Neiman Marcus Group (NMG) realized that in order to keep up with an entirely new ...
The Neiman Marcus Group, apparently transcending the volatile stock market and the nation’s sky-high inflation, is generating sales volumes and margin gains surpassing pre-COVID-19 levels. That ...
The Underfashion Club administers the Mary Krug Scholarship, "which will benefit fashion lingerie students in the intimates field". [4] The scholarship is named after Mary Krug, who was vice president and divisional merchandise manager of intimate apparel and children’s at the Neiman Marcus Group for 40 years. [4] Krug died in November 2013. [4]
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