Saks Global (HBC) Acquires Neiman Marcus Group for ~$2.65 Billion
July 4, 2024
Hudson's Bay Company (HBC) — through its newly created Saks Global business — has agreed to acquire Neiman Marcus Group (NMG) to form a multi-brand luxury retail and real estate platform. The combined company will pair iconic retail brands (Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH) with technology, first-party data and strategic investors (including Amazon, Rhône Capital, Insight Partners and Salesforce) to drive personalized omnichannel experiences and unlock real estate value.
- Buyers
- Hudson's Bay Company (HBC), Saks Global, Amazon, Rhône Capital, Insight Partners, Salesforce, Authentic Brands Group, G-III Apparel Group, M. Klein & Company, Abu Dhabi Investment Council, Abrams Capital
- Targets
- Neiman Marcus Group, Neiman Marcus, Bergdorf Goodman
- Industry
- Retail
- Location
- Texas, United States
- Transaction Type
- Buyout
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