Acquiring Company
Hudson's Bay
Acquired Company
Neiman Marcus Group
DallasE CommerceFashionRetailRetailDescription
Hudson's Bay Co.'s acquisition of Neiman Marcus Group for US$2.65 billion will lead to the formation of a new business entity called Saks Global, bringing together prestigious retailers such as Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Bergdorf Goodman. The acquisition aims to explore new opportunities in luxury retail and redefine the customer experience.
Quick answer
Hudson's Bay is acquiring Neiman Marcus Group for $2.6 billion, announced July 4, 2024.
- How much did Hudson's Bay pay for Neiman Marcus Group?
- The reported deal value is $2.6 billion.
- 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 Group based?
- Neiman Marcus Group is based in Dallas, Texas, 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
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- HBC, the owner of Saks Fifth Avenue, acquires Neiman Marcus, creating a luxury retail giant (July 4, 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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Related People
Frequently asked
Who acquired Neiman Marcus Group?
Neiman Marcus Group 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 Group?
Hudson's Bay's acquisition of Neiman Marcus Group was reported on July 4, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Neiman Marcus Group do?
NMG is the parent company of leading U.S. multi-brand luxury retailers Neiman Marcus and Bergdorf Goodman. It is privately held, operating in Retail, and is based in Dallas.
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