Saks Global executives say the financing of the deal recapitalizes the company and positions it to settle up with vendors.

Saks Global announced Dec. 23 it completed its $2.7 billion acquisition of Neiman Marcus, aligning two historic names in luxury retail and putting a prominent Dallas company under the control of a ...

Hudson’s Bay Company (HBC), parent company of Saks Fifth Avenue, has completed the acquisition of Neiman Marcus Group, a US-based department store chain, for a total enterprise value of $2.7bn.

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“By uniting Neiman Marcus, Bergdorf Goodman, and Saks Fifth Avenue, we have created an unparalleled multi-brand luxury portfolio with tremendous growth potential. With data and innovation at our ...

Neiman Marcus CEO Geoffroy van Raemdonck is photographed in the flagship store in downtown Dallas, October 11, 2022. (Tom Fox / Staff Photographer ) The deal to make Neiman Marcus Group part of ...

The merged company will combine 36 Neiman Marcus and 41 Saks Fifth Avenue stores amid a faltering luxury retail market.

Neiman Marcus Group joins a list of victims of the Snowflake attacks that already included Ticketmaster, Santander Bank, Pure Storage and Advance Auto Parts. The wave of data theft attacks are ...

The fallout from the cyberattacks targeting Snowflake customers including Ticketmaster and Neiman Marcus Group is reportedly ... have included Santander Bank, Pure Storage and Advance Auto Parts.

Neiman Marcus’s Fantasy Gift Guide understands the power of packaging a story better than most, putting together seemingly disparate items in an act of storytelling marketing that increases the ...