1. Acquisitions, Divestitures & Mergers

Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B

Written by Posted on Less than 0 min read

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The rival companies will continue to operate independently and the deal is partially funded by e-commerce giant Amazon.

Published July 5, 2024

A large, white building with the words Neiman Marcus on the side stands in a parking lot.

A sign hangs outside of a Neiman Marcus store that has been shuttered by the COVID-19 pandemic at Oak Brook Center shopping mall on May 07, 2020 in Oak Brook, Illinois. Saks Fifth Avenue announced Thursday it has entered into a definitive agreement to acquire Neiman Marcus Group for $2.65 billion.

Scott Olson via Getty Images

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