#saksfifthavenue #yahoofinance #neimanmarcus #retail
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 (AMZN) set to become a minority stakeholder. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
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