Saks parent HBC, Neiman Marcus reach $2.65B acquisition deal

HBC, the parent company of luxury retailer Saks Fifth Avenue, has reached an agreement to acquire its high-end competitor Neiman Marcus Group in a deal valued at $2.65 billion. The merger will result in the creation of a new corporate entity named Saks Global, with e-commerce giant Amazon and another great stock are fit to buy in July. The post TFSA Investors: 2 Great Stocks to Buy in July and Hold Forever appeared first on The Motley Fool Canada.

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Parent company of Saks Fifth Avenue to buy rival Neiman MarcusNEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion.
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Parent company of Saks Fifth Avenue to buy rival Neiman MarcusNEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion.
La source: SooToday - 🏆 8. / 85 Lire la suite »