It’s official. The Saks Fifth Avenue-Neiman Marcus Group (NMG) merger is done. Now luxury retailers Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, plus off-price Saks Off 5th and Neiman ...
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.
NEW YORK--(BUSINESS WIRE)--Saks Global, a leading luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of $2.7 billion.
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