The merged company will combine 36 Neiman Marcus and 41 Saks Fifth Avenue stores amid a faltering luxury retail market.
The deal creates a luxury retail empire in the U.S. and also raises questions over possible consolidations, executive changes ...
Saks Fifth Avenue's parent company has finalized its nearly $2.7 billion acquisition of Neiman Marcus Group, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
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