The merged company will combine 36 Neiman Marcus and 41 Saks Fifth Avenue stores amid a faltering luxury retail market.

Neiman Marcus transaction, Geoffroy van Raemdonck, along with certain members of the Neiman Marcus leadership team, will

The deal creates a luxury retail empire in the U.S. and also raises questions over possible consolidations, executive changes and relationships with vendors.

Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH unite under Saks Global's tech-driven luxury retail.

Saks Global announced Dec. 23 it completed its $2.7 billion acquisition of Neiman Marcus, aligning two historic names in luxury retail and putting a prominent Dallas company under the control of a New York-based chain.

Saks CEO Marc Metrick will lead the expanded company, while Chief Merchandising Officer Tracy Margolies will take over as Bergdorf Goodman’s president.

But overall, the Saks world is set to get much bigger. According to sources, HBC has secured a $2 billion-plus junk bond this week that puts the company firmly on track to close i

Saks Global, a leading luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value