Saks Fifth Avenue Parent Reportedly Set to Buy Neiman Marcus
HBC, the parent company of luxury department store Saks Fifth Avenue, has signed a $2.65 billion deal to buy rival retailer Neiman Marcus with support from Amazon (AMZN), according to reports.
Saks Fifth Avenue and Neiman Marcus to merge in $2.65B blockbuster deal, Amazon to acquire stake
The deal will give Amazon unprecedented access to the luxury market – a tricky segment where the company has tried and mostly failed to get a credible foothold for more than a decade.
Saks owner to buy Neiman Marcus with help from Amazon, WSJ reports
The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus with a little help from Amazon , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Saks Owner to Buy Neiman Marcus—With Help From Amazon
The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar with the matter, creating a powerhouse in luxury retailing that seeks to hang onto wealthy shoppers—all with a little help from Amazon.com AMZN -1.21%decrease; red down pointing triangle.
