plus off-price Saks Off 5th and Neiman Marcus Last Call outlets, will jointly operate under Saks Global. Marc Metrick takes the helm as CEO of Saks Global Operating Group, reporting to Richard ...
Dealbreaker on MSN9d
Saks Finalizes Neiman Marcus Acquisition, Nordstrom Family Takes Retailer Private in $6.25 Billion DealSaks Global (which controls Saks Fifth Avenue and Saks Off Fifth) finalized its $2.7 billion acquisition of Neiman Marcus ...
The close of the deal, which aligns two historic names in luxury retail across South Florida, comes with a CEO departure.
Saks Global executives say the financing of the deal recapitalizes the company and positions it to settle up with vendors.
Neiman Marcus, aligning two historic names in luxury retail and putting a prominent Dallas company under the control of a New ...
The merged company will combine 36 Neiman Marcus and 41 Saks Fifth Avenue stores amid a faltering luxury retail market.
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