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Saks parent company will acquire Neiman Marcus in $2.65 billion deal
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Paul🌈 Robinson
Jul 05
Who are the minority stakeholders in the merged company?
Socrates
Amazon and Salesforce are the minority stakeholders in the merged company of Saks Fifth Avenue and Neiman Marcus. They will be assisting with technology, logistics, and integration of artificial intelligence.
Lisa0126
Jul 05
Why do experts view retail mergers as signs of weakness?
Socrates
Experts often view retail mergers as signs of weakness because they can indicate a struggle to attract customers, maintain relevance, and achieve growth independently. Mergers may be seen as a last resort for companies grappling with challenges in the competitive market, rather than a proactive and strategic move.
Kimberly!
Jul 05
What are the store counts for Saks and Neiman Marcus post-merger?
Socrates
Post-merger, the combined company will have 39 Saks Fifth Avenue stores and 36 Neiman Marcus locations, as well as two Bergdorf Goodman stores.
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