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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. It has been owned by the Neiman Marcus Group since 1987, and is a sister brand to luxury department store Bergdorf Goodman through this ownership.
In a move that would 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...
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake.
Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the two namesake department stores plus Saks...
By Ananya Mariam Rajesh and Greg Roumeliotis. (Reuters) -The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a...
Neiman Marcus is known for selling designer dresses, shoes, handbags and other luxury products, catering to wealthy customers. Reuters had reported on Wednesday that HBC agreed to buy Neiman...
NEW YORK - July 4, 2024 - HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.
HBC, owner of Saks Fifth Avenue, will buy Neiman Marcus with an assist from Amazon, news reports say.
Saks Fifth Avenue parent Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion, the privately-held upscale retailers said Thursday in a joint announcement.
Dallas-based luxury retailer Neiman Marcus is being purchased by the owner of rival Saks Fifth Avenue in a $2.65 billion deal, according to a report from the Wall Street Journal.