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Saks parent HBC, Neiman Marcus reach $2.65B acquisition deal Fri, Jul 5, 2024, 5:14 PM GMT+2 0 In this article: Video Transcript Advertisement Up next Tesla stock rally continues as robota...
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The merger will result in the creation of a new corporate entity named Saks Global, with e-commerce giant Amazon ( AMZN ) set to become a minority stakeholder. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith The parent company of Saks Fifth Avenue H BC says it will acquire Neiman Marcus Group in a $2.65 billion deal. Yeah, I mean, II I wanna be more excited about this but I think this has been and I've talked to Mark Metric before. I think he has been working on this for some time. So this was largely to be expected, but it really, it comes against a backdrop of really of a department store space. This continues to fall apart. You have Macy's closing hundreds of stores and I think this is ultimately a play, I think on the e commerce business for these companies and then maybe for the uh the off price business, I was gonna ask you. So I was like, what is the future of the de
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