Saks Global Completes Acquisition of Neiman Marcus for $2.7 Billion USD

Saks Global has officially completed the deal to acquire Neiman Marcus for $2.7 billion USD. The acquisition unites Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH under Saks Global, all of which are expected to continue to serve its own relevant customer base. In a press statement, Executive Chairman of Saks Global Richard Baker said, "This milestone transaction marks a transformative moment for Saks Global and the luxury retail industry. By uniting Neiman Marcus, Bergdorf G...