Saks Owner Is Said to Acquire Neiman Marcus, Creating a Luxury Retail Giant
In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth, two people close to the negotiations said on Wednesday. The deal, which had been rumored since Neiman Marcus filed…