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Tech meets luxury in Saks-Neiman deal
Axios· 5 days agoHBC, the parent of Saks Fifth Avenue, has agreed to acquire Neiman Marcus Group for $2.65 billion, with Amazon and Salesforce taking minority stakes. Why...
Amazon takes a new brick-and-mortar approach with a stake in Neiman Marcus
Engadget via Yahoo Canada News· 6 days agoAmazon changed the face of retail over the last 20 years but has failed miserably to make inroads in...
Saks buys Neiman Marcus in $2.65B deal
The Week via Yahoo Finance Canada· 5 days agoThe luxury retailers will be combined under a new entity, Saks Global, but will continue to operate under their existing brand names. Amazon...
Old Navy Is Selling an 'Amazing' Cropped Button-Down That's Virtually Identical to a Designer Style...
Parade· 6 hours agoIt has an incredibly chic aesthetic, and it even could pass as a high-end designer style that's far...
A Deal at Last: Assessing the Future for ‘Saks Global’
WWD· 6 days agoThat’s the new entity being formed through the definitive $2.65 billion agreement for Saks owner HBC...
Amazon is inching into the luxury goods market in search of high-quality data
TechRadar· 2 days agoAmazon has purchased a minority stake in US luxury department store chain Neiman Marcus in a bid to...
AP Top Financial News at 11:55 p.m. EDT
Associated Press Finance via Yahoo Finance Canada· 7 days agoParent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus
Toronto Star· 6 days agoThe parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The new entity would be called Saks Global ...
Kroger discloses plan to sell 63 supermarkets in California as part of its merger with Albertsons
Los Angeles Times· 1 day agoSupermarket giant Kroger Co. announced plans to offload more than 60 supermarkets in California as...
Hudson's Bay To Buy Neiman Marcus For $2.65 Billion
Baystreet via Yahoo Finance Canada· 5 days agoHudson's Bay Co., Canada’s oldest company, is buying American department store chain Neiman Marcus for $2.65 billion U.S. Both companies are privately held ...