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Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion
Toronto Star· 6 days agoThe 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 ...
In uncertain times, Americans take a break for Independence Day
StreetInsider· 6 days agoThe holiday, which marks the July 4 signing of the Declaration of Independence from Britain in 1776, is a day when Americans traditionally celebrate with proud displays of old-fashioned patriotism ...
Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal
Reuters via Yahoo Finance Canada· 6 days agoThe deal comes with luxury retailers battling slowing demand as high interest rates and inflation...
Saks Owner Seals $2.65 Billion Neiman Deal With Amazon Help
Bloomberg via Yahoo Finance Canada· 6 days ago(Bloomberg) -- The owner of Saks Fifth Avenue is acquiring Neiman Marcus Group for $2.65 billion — a...
Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon
The Independent via Yahoo Finance Canada· 6 days agoRetail conglomerate HBC, which also owns the Canadian department store chain Hudson’s Bay, bought...
Saks’ Online CEO Says Amazon to Help ‘Future-Proof’ Neiman Deal
Bloomberg via Yahoo Finance Canada· 6 days ago(Bloomberg) -- America’s two largest luxury department-store chains are combining — and they’ll rely...
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
The Business of Fashion· 6 days agoThe merger of Saks Fifth Avenue and Neiman Marcus represents the most dramatic change to the...
Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.
Barrons.com· 6 days agoHigh interest rates worldwide have generally led to a subdued M&A market, with deal volumes down 30%...
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 billion, WSJ reports
The Business of Fashion· 6 days agoShares of the department store chain were up 1.1% in after-market trading. The new proposal is to...
Here’s what’s open (and closed) on July 4th for Independence Day 2024
Fortune via Yahoo Finance Canada· 7 days agoAnd many locally owned small businesses could take the day off as well. Which department stores are...