Celebrity

Saks Fifth Avenue Acquires Neiman Marcus for $2

todayJuly 9, 2024 11

Background
share close

neiman marcus saks

Hudson Bay Co., the powerhouse behind Saks Fifth Avenue, is making waves by purchasing Neiman Marcus for a cool $2.65 billion. This high-stakes merger is set to bring together two of the biggest names in luxury retail under the brand-new banner, Saks Global.

neiman marcus saksneiman marcus saks fifth avenue

Get ready for a retail revolution as Saks Global takes the stage with 75 stores, including the iconic Bergdorf Goodman locations, plus 100 off-price outlets. Richard Baker, CEO and chairman of Hudson Bay Co., is pumped about the deal, especially because of Neiman Marcus’ top-notch sales team.

“One thing that really got us excited about this deal is Neiman Marcus’ amazing sales force,” Baker shared. “In the world of luxury products, it’s all about having stunning stores and salespeople that customers can trust.”

Amazon is also jumping in, grabbing a minority stake in Saks Global.

 

Source

Written by: Ag Entertainment

Rate it

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *


AG Memberships

Your gateway to exclusives. Coming soon.

Contact us

Sign Up

Subscribe to our email list and don’t miss anything!

Concerts & Events

0%