HBC, the owner of Saks Fifth Avenue, acquires Neiman Marcus, creating a luxury retail giant
Acquiring Company
Hudson's Bay
Acquired Company
Neiman Marcus
Las VegasE CommerceFashionRetailE CommerceFashionRetailJewelryDescription
HBC, the parent company of Saks Fifth Avenue, has reached an agreement to acquire Neiman Marcus in a $2.65 billion deal. This strategic move aims to consolidate the luxury retail market, creating a dominant high-end department store behemoth and enhancing the product offerings and customer experience for both brands.
Quick answer
Hudson's Bay is acquiring Neiman Marcus, announced July 4, 2024.
- How much did Hudson's Bay pay for Neiman Marcus?
- The deal value was not disclosed.
- What does Hudson's Bay do?
- Hudson's Bay Company, known as HBC, is the parent company of Saks Fifth Avenue and has a rich history dating back to 1670.
- Where are Hudson's Bay and Neiman Marcus based?
- Neiman Marcus is based in Las Vegas, Nevada, United States.
- Who are the decision-makers at Hudson's Bay?
- Fundz holds 1 contact at Hudson's Bay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in E Commerce and Fashion
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- Ostbye & Anderson, Inc acquires Victor Corporation to enhance its product offerings for independent jewelers (July 2, 2024)
- REVOLVE Group, Inc. acquires majority stake in Alexandre Vauthier to enhance fashion offerings (June 25, 2024)
- Havenly adds select assets of St. Frank to its expanding portfolio (June 12, 2024)
- Lolë Brands acquires iconic footwear brand Sanuk to expand eco-conscious offerings (August 15, 2024)
- FSN E-Commerce Ventures raises stake in Dot & Key to 90% for Rs 265 crore (August 13, 2024)
- JD Sports Fashion plc completes acquisition of Hibbett, Inc. to strengthen its presence in athleisure fashion retail (July 25, 2024)
Who to call at Hudson's Bay, and when
When Hudson's Bay changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Hudson's Bay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Hudson's Bay, from your own LinkedIn network
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Frequently asked
Who acquired Neiman Marcus?
Neiman Marcus was acquired by Hudson's Bay. The deal was reported on July 4, 2024. Hudson's Bay Company, known as HBC, is the parent company of Saks Fifth Avenue and has a rich history dating back to 1670. Hudson's Bay is privately held and operates in E Commerce.
When did Hudson's Bay acquire Neiman Marcus?
Hudson's Bay's acquisition of Neiman Marcus was reported on July 4, 2024. HBC, the parent company of Saks Fifth Avenue, has reached an agreement to acquire Neiman Marcus in a $2.65 billion deal. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Neiman Marcus do?
Free Shipping & Free Returns at Neiman Marcus. Shop the latest styles from top designers including Michael Kors, Tory Burch, Burberry, Christian Louboutin, kate spade & more. It is privately held, operating in E Commerce, and is based in Las Vegas.
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