• Home
  • Americas’ Saks Global completes acquisition of Neiman Marcus

Americas’ Saks Global completes acquisition of Neiman Marcus

24Dec

Americas’ Saks Global completes acquisition of Neiman Marcus

By Uncategorized , , , 0 Comments

Saks Global has acquired Neiman Marcus Group for $2.7 billion, uniting luxury brands Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH.
Emily Essner becomes president & chief commercial officer, while Marc Metrick and Ian Putnam lead key divisions.
Executive chairman Richard Baker highlighted plans to redefine luxury retail with innovation and prime real estate.

​Saks Global has acquired Neiman Marcus Group for $2.7 billion, uniting luxury brands Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH.
Emily Essner becomes president & chief commercial officer, while Marc Metrick and Ian Putnam lead key divisions.
Executive chairman Richard Baker highlighted plans to redefine luxury retail with innovation and prime real estate. 

Share this post

Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

18Dec

UK employment rate 74.9%, unemployment rate 4.3% in Aug-Oct 2024

Estimates for payrolled employees in the UK rose by 0.1 per cent month on month and 0.5 per cent YoY... read more

18Dec

Shell to invest in Bonga North project in Nigeria

Shell Nigeria Exploration and Production Company has made a final investment decision on the Bonga North deep-water project off Nigeria's... read more

19Dec

Noticeable slowdown in Turkish inflation to continue in 2025: Minister

Turkish finance minister Mehmet Simsek has said a noticeable slowdown in inflation has started in many areas and the trend... read more

24Dec

DRDO, IIT Delhi, firms sign MoUs for protective clothing production

Ten pacts have been signed among the DRDO, IIT Delhi and industry partners. These include those on transferring technology of light-weight... read more

16Dec

Perstorp expands with OQ Chemicals Nederland acquisition

Perstorp, a subsidiary of Malaysia's PETRONAS Chemicals Group Berhad, has acquired 100 per cent of OQ Chemicals Nederland BV from... read more

20Dec

Drewry WCI up 8% amid strike fears & Trump policy expectations

Drewry WCI rose7.76 per cent to $3,803 per FEU on December 19, spurred by potential ILA strike and anticipated rate... read more

19Dec

US Fed cuts key interest rate by 0.25%; unemployment rate remains low

The US Federal Reserve (Fed) yesterday cut interest rates by 0.25 per cent and indicated a slower pace of cuts... read more

19Dec

Nov US industrial production down 0.1%, manufacturing output up 0.2%

US industrial production moved down by 0.1 per cent in November after falling by 0.4 per cent in October. Manufacturing output... read more

16Dec

India’s GBL invests $15.6 million in new ethanol facility

Godavari Biorefineries Limited (GBL) has announced a $15.6 million investment in a 200 KLPD corn/grain-based ethanol distillery, enhancing its dual-feedstock... read more

23Dec

Northern India Textile Mills’ Association elects new office bearers

NITMA has elected new office bearers during its 67th AGM on December 21, 2024. Sidharth Khanna, director of Arisudana Industries, is... read more