05 Jul 2024 --- Hudson’s Bay Company (HBC), parent company of Saks Fifth Avenue, enters a definitive agreement to acquire Neiman Marcus Group, parent company of Neiman Marcus and Bergdorf Goodman, for a total value of US$2.65 billion. Upon transaction close, HBC will establish Saks Global, a combination of luxury retail and real estate assets, including Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman. Each brand will continue operations under their respective brands.
