by Mike Duff | Jan 5, 2026 | Retail Articles
Amid rumors of a potential bankruptcy filing and following a missed interest payment on bonds, Saks Global announced that Richard Baker, executive chairman, has assumed the role of CEO, overseeing the company’s luxury retail operations. Baker will remain...
by Mike Duff | Jan 2, 2025 | Retail Articles
Saks Global announced it finalized the acquisition of Neiman Marcus Group in a deal with a $2.7 billion enterprise value. Amazon, an investor in Saks Global, will work to innovate on behalf of customers and brand partners at each Saks Global banner, including Neiman...
by Mike Duff | Jul 8, 2024 | Featured News, Retail Articles
HBC, parent company of Saks Fifth Avenue and Hudson’s Bay stores, is getting some help from Amazon in its definitive agreement to acquire Neiman Marcus Group, parent of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. In the wake of...
