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

A Neiman Marcus sign is shown in San Francisco, Sunday, March 17, 2024. The parent company of Saks Fifth Avenue has signed a deal, Thursday, July 4, 2024, to buy upscale rival Neiman Marcus for $2.65 billion.–

The pact was announced Thursday after months of rumors that the department store chains had been negotiating a deal.“For years, many in the industry have anticipated this transaction and the benefits it would drive for customers, partners and employees," said Richard Baker, HBC executive chairman and CEO in a statement.

“As a larger entity, negotiating power will be a little better with the brands, but even a combined chain would not match the heft and power of the global luxury conglomerates, which would still hold most of the cards,” Saunders said. “As such, there is a risk that the deal might end up creating an even bigger headache for Saks.”

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Parent company of Saks Fifth Avenue to buy upscale rival Neiman MarcusThe parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The new entity would be called Saks Global.
Sumber: KUTV2News - 🏆 281. / 63 Baca lebih lajut »

Parent company of Saks Fifth Avenue to buy rival Neiman MarcusThe parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The buyout was announced Thursday after months of rumors that the department store chains had been negotiating a deal.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »