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Saks Finalises Acquisition of Neiman Marcus Group

The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
Bergdorf Goodman, Retailer, Department Store, Wholesale, Wholesale Strategy
Bergdorf Goodman store in Manhattan. Bergdorf Goodman. (Bergdorf Goodman)
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Saks Global, the entity that controls Saks Fifth Avenue and off-price chain Saks Off Fifth, has wrapped up its $2.7 billion acquisition of Neiman Marcus Group, the company announced Monday. The company now oversees Neiman Marcus and Bergdorf Goodman with “each continuing to serve customers under their own brand,” it said in a statement.

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About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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