2024 . 07 . 11
Saks owner to buy luxury retailer Neiman Marcus in $2.65 billion deal
Yet again another chip falls in the multibrand store arena. With Saks acquiring Neiman Marcus, it’s one less retailer in the US market, meaning more buying power for the newly formed Saks Global. Will they be able to elevate the department store experience to what luxury consumers expect? Will it make it even more difficult for niche brands to get shelf space?
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