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.

Trading activity by members of Congress has come under scrutiny in recent years, with calls to ban Congress from trading individual stocks.Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hudson’s Bay Co. to buy luxury retailer Neiman Marcus in US$2.65-billion dealHBC will establish a new company called Saks Global, combining Saks, Saks Off 5th, Neiman Marcus and Bergdorf Goodman when the deal closes
Source: globeandmail - 🏆 5. / 92 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: SooToday - 🏆 8. / 85 Read more »