NMG | News Releases - Neiman Marcus Group
Oct 16, 2024 · Sep 11, 2024. NMG Holding Company, Inc. and The Neiman Marcus Group LLC Announce Expiration and Final Results of Exchange Offer for Outstanding 7.125% Senior Secured Notes due 2026 and Consent Solicitation.
Saks Acquires Neiman Marcus - The New York Times
Jul 3, 2024 · In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate...
The Saks/Neiman Marcus Deal: The Good, The Bad, And The ... - Forbes
Jul 8, 2024 · The news that Saks is buying its long-time luxury department store nemesis Neiman Marcus seemed inevitable for years. In fact, I recently opined in my 2024 predictions that circumstances would...
Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help
Jul 5, 2024 · Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the two namesake department stores plus Saks Off...
NMG | News Releases - Neiman Marcus Group
Neiman Marcus Group (NMG), the largest integrated luxury retailer in the U.S. and the parent of brands including Neiman Marcus and Bergdorf Goodman, announced the closing of the $200 million... May 10, 2022
HBC | HBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus …
NEW YORK - July 4, 2024 - HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
Jul 4, 2024 · Saks Fifth Avenue parent Hudson's Bay Company is acquiring Neiman Marcus for $2.65 billion, the privately-held upscale retailers said Thursday in a joint announcement. The combined entity, to...
News Releases - Neiman Marcus Group
Oct 12, 2022 · NMG delivered over $5 billion in gross merchandise value ("GMV") and year-over-year meaningful gross margin expansion supported by healthy 80 percent full price selling. This led to 11 percent EBITDA margin for FY22. "Our top customers are highly loyal and drove 40 percent of total sales in FY22," continued van Raemdonck.
Saks buys Neiman Marcus, and Amazon gets a stake : NPR
Jul 4, 2024 · A luxury retailer is making its own high-end purchase: Saks Fifth Avenue's parent company is buying Neiman Marcus for $2.65 billion, in a merger that would create a dominant upscale department store in the U.S. . HBC, the owner of Saks and the Canadian chain Hudson's Bay, has agreed to buy Neiman Marcus, which also owns Bergdorf Goodman.Amazon will …
Neiman Marcus and Saks are closer to a deal - Axios
May 8, 2024 · Luxury retailer Saks and its owner, HBC, are closer to inking a deal to acquire rival Neiman Marcus for $3 billion, Axios has confirmed. Why it matters: After years of rumors and speculation, the two main luxury retailers are on the verge of …