Saks Owner Is Said to Acquire Neiman Marcus Creating A Luxury Retail Giant
Sort by
Date
-
The New York Times - Business
Saks Acquires Neiman Marcus
The deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape the retail landscape. -
The Wall Street Journal - World
Saks Fifth Avenue's parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
Saks Fifth Avenue’s parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers. -
The Wall Street Journal - World
Saks Owner to Buy Neiman Marcus, With Help From Amazon
Retail rivals strike a $2.65 billion merger as they seek to gain scale against luxury brands. -
CBS News - Top stories
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus. -
CNBC - Business
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman. -
ABC News - Top stories
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake -
The Hill - Politics
Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue parent company HBC announced Thursday a $2.65 billion deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman. HBC said that after the deal goes through it will launch Saks Global, which will ... -
MarketWatch - Business
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday. -
NBC News - Top stories
Major retailers are backtracking on self-checkout
After years of investing in self-checkouts, Five Below, Dollar General and others are refocusing on human cashiers, citing long-running concerns about lost inventory. -
Financial Times - World
Luxury price rises leave rich asking: is it worth it?
The post-pandemic spending surge appears to be over -
CNBC - Business
The five secrets to Ferrari’s success as a luxury brand
This year, Ferrari for the first time surpassed Hermès as the most valuable luxury company in the world as measured by stock multiple. -
Yahoo News - World
Lexus Elevates Luxury Yachting with the Introduction of LY 680
-
Wired - Tech
How Influencers and Algorithms Are Creating Bespoke Realities for Everyone
Disinformation researcher Renée DiResta's new book lays out how people’s realities are shaped not by facts and evidence, but by black boxes, niche celebrities, and online communities. -
ESPN - Sports
Brewers get Civale from Rays to bolster rotation
The Milwaukee Brewers acquired right-hander Aaron Civale from the Tampa Bay Rays on Wednesday, adding the veteran to a thin starting rotation in hopes of holding onto first place in the National League Central. -
MarketWatch - Business
Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months. -
NBC News - Top stories
Some retailers are pulling back from self-checkout
Despite the convenience for shoppers, some well-known stores are now pulling back from self-checkout, with theft cited as a major factor. NBC News' Brian Cheung reports. -
The Wall Street Journal - World
Carlyle in Advanced Talks to Acquire Baxter's Vantive
The deal would value the Baxter spinoff at more than $4 billion. -
The Wall Street Journal - Tech
For AI Giants, Smaller Is Sometimes Better
Tech companies and startups are slimming down AI software to make it cheaper, faster and more specialized. -
VentureBeat - Tech
Women Create Games Forum announces speaker lineup and date
Women in Games Italia announced the date and location of its Women Create Games Forum, as well as its list of speakers.Video Game -
CBS News - Top stories
Man creates "Macho Spouse" support group to help military husbands
One man made it his mission to connect military husbands through a group he called "Macho Spouse." It aims to provide support and resources for military husbands, who make up 14% of the country's 500,000 military spouses. -
The Hill - Politics
Students at fake university created by ICE can sue US, court rules
Students who enrolled in a fake university set up by Immigration and Customs Enforcement (ICE) as part of a sting operation can sue the U.S., an appeals court ruled last week. The ruling by a three-judge panel of the Federal Circuit Court of ... -
ABC News - Top stories
Open on July 4th: Retailers and airlines. Closed: Government, banks, stock market
The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain -
MarketWatch - Business
Quest Diagnostics to acquire Canada’s LifeLabs for about $985 million, including debt
Quest Diagnostics Inc. said Wednesday it has entered a definitive agreement with pension fund OMERS to acquire LifeLabs, a Canadian provider of community laboratory services, for about C$1.35 billion ($985 million), including net debt. -
Yahoo News - World
Retail turnover in Australia sees 0.6% increase in May 2024
Australia -
Yahoo News - World
Hong Kong retailers bank on duty-free quota hike to boost sales
Hong Kong -
Yahoo Sports - Sports
Buffalo Sabres acquire forward Ryan McLeod in a trade with the Edmonton Oilers
Buffalo received McLeod and minor leaguer Tyler Tullio from the Western Conference champions for 20-year-old center Matthew Savoie. -
The New York Times - Health
The ruling is likely to stymie public health initiatives, experts said.
-
MarketWatch - Business
Two more luxury-fashion players could join forces — with the backing of Amazon, report says
Upscale fashion retail chains Saks Fifth Avenue and Neiman Marcus could soon join forces and get a financial boost from Amazon.com Inc., according to a report on Wednesday, as luxury brands consolidate amid a slump in demand. -
The Guardian - World
Helicopter rides and a wealthy contact list: inside Australia’s luxury real estate market of $60m-plus homes
Forget interest rates and consumer sentiment – luxury markets are swimming in a completely different lane, agents say. Get our morning and afternoon news emails, free app or daily news podcastGowan Stubbings can still remember the rush of his ... -
Financial Times - Business
British Airways owner IAG warns airfares must rise to fund carbon cuts
Company’s chief Luis Gallego expects cost implications of switch to cleaner fuel to hit passenger demand -
Financial Times - World
UK holiday let owners move to business rates system as council tax soars
Authorities trying to encourage local buyers are losing outUnited Kingdom -
MarketWatch - Business
How a burger-shack owner allegedly toppled a government and evaded taxes on $7 billion in U.S. military contracts
Douglas Edelman has been charged with hiding $350 million in income. He allegedly spent the money on yachts and an Austrian chalet. -
MarketWatch - Business
ADP says 150,000 private-sector jobs created in June, smallest gain in five months
U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling. -
GameSpot - Tech
Nintendo Sees Potential In Generative AI, But Won't Make Games Created "By Technology Alone"
Several video game companies have begun exploring how generative AI can help with the development process of their titles, but Nintendo isn't ready to embrace the technology just yet. When asked in a shareholder Q&A if the company had any ... -
CBS News - Top stories
Giant creature with fangs was around long before dinosaurs, research reveals
Scientists have revealed fossils of a giant salamander-like beast with sharp fangs that ruled waters before the first dinosaurs arrived. -
Yahoo News - World
EU sets protectionist sights on Chinese e-commerce giants Shein, Temu
European Union -
ESPN - Sports
Braves' Sale stifles Giants for MLB-high 11th win
Chris Sale allowed only three hits in six innings to earn his 11th win, leading the Braves to a 3-1 victory over the Giants.MLB -
GameSpot - Tech
Giant Bomb Series Metal Gear Scanlon Is Now Free On YouTube
To celebrate GameSpot sister-site Giant Bomb's sixteenth anniversary, the entirety of Let's Play series Metal Gear Scanlon is now on YouTube for free.. So named for co-host Drew Scanlon, the series sees him and Dan Ryckert, among other guests, ... -
Yahoo Sports - Sports
Giants' clutch pitching performance fuels win over Guardians
The Giants' pitching staff's ability to repeatedly escape danger was the defining theme in San Francisco's 4-2 win over the Cleveland Guardians on Friday night at Progressive Field.MLB -
ABC News - Sports
Marcus Willis, Wimbledon's Everyman of yesteryear who played Roger Federer, returns in doubles
A tennis club instructor who faced Roger Federer at Centre Court while ranked 772nd in 2016 has made a return to Wimbledon in men’s doubles