Saks Owner Said Near Deal to Buy Neiman Marcus for $2.65 Billion
Posted on AllSides July 3rd, 2024
From The Left
The owner of Saks Fifth Avenue is close to an agreement to acquire Neiman Marcus for $2.65 billion, according to a person familiar with the matter.
Amazon.com Inc. and Salesforce Inc. will be helping facilitate the deal by Saks owner Hudson’s Bay Co. by taking minority stakes in a new company, called Saks Global, according to the person. Hudson’s Bay will also finance the deal with $2 billion raised from investors, the person said.
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