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The Independent UK
The Independent UK
National
Anne d'Innocenzio

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion,

Neiman Marcus Saks United States Amazon Neil Saunders Saks Global Bergdorf Goodman Luxury HBC Marc Metrick
Copyright 2024 The Associated Press. All rights reserved

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The 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 Amazon holding a minority stake.

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