Hudson's Bay Company Acquires Neiman Marcus for $2.65 Billion
The deal forms Saks Global, a new luxury retail entity, with Amazon and Salesforce as investors.
- Saks Global will combine Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman under one umbrella.
- Amazon and Salesforce will provide technological support and hold minority stakes in the new entity.
- The merger aims to enhance customer experience through digital and logistical innovations.
- The Federal Trade Commission's approval is pending, with potential regulatory hurdles anticipated.
- Luxury retail industry experts express mixed reactions on the merger's long-term impact.
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