Saks Fifth Avenue Neiman Marcus

Saks Fifth Avenue Neiman Marcus

Canada's Hudson Bay, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus for $2.65 billion, according to a report. This acquisition is set to create a powerhouse in the luxury retail industry, combining two iconic brands under one ownership.

With this merger, customers can expect an even more elevated shopping experience, with a wider range of high-end products and services available at both Saks Fifth Avenue and Neiman Marcus locations. The deal is expected to bring about exciting changes and innovations in the luxury retail landscape, offering shoppers more options and opportunities to indulge in the finest goods.

Stay tuned for updates on this major acquisition and how it will impact the luxury retail market as Saks Fifth Avenue and Neiman Marcus join forces to create a new era of upscale shopping.