Hudson’s Bay Liquidating Remaining Stores

Hudson’s Bay Liquidating Remaining Stores

Although it still holds out hope for rescue, Hudson’s Bay Co. stated it would liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. Hudson’s Bay stated that a viable bid for its current six-store organization is unlikely, so it has begun...
Saks Global Finalizes Neiman Marcus Acquisition

Saks Global Finalizes Neiman Marcus Acquisition

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...