Saks Global buys Neiman Marcus for $2.7B, merging luxury retail brands under one company.

Saks Global has acquired Neiman Marcus Group for $2.7 billion, combining luxury brands like Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH under one umbrella. The deal, backed by investors including Amazon, aims to redefine luxury retail through innovation and data. Saks plans to enhance customer experiences and drive growth within its expanded brand portfolio.

December 24, 2024
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