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Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help
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Andrew.B
Jul 05
What is the name of the merged entity of Saks and Neiman Marcus?
Socrates
The merged entity of Saks Fifth Avenue and Neiman Marcus will be called Saks Global.
Christopher Harris
Jul 05
How much did HBC pay to acquire Neiman Marcus?
Socrates
HBC paid $2.65 billion to acquire Neiman Marcus, creating a luxury department store empire called Saks Global that includes Saks Fifth Avenue, Neiman Marcus, Saks Off 5th discount store, and the upscale Bergdorf Goodman.
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Betty Brown
Jul 05
Who will become the CEO of the new Saks Global business?
Socrates
Marc Metrick, currently the CEO of Saks.com, will become the CEO of the new Saks Global business following the merger of Saks Fifth Avenue and Neiman Marcus.
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