New Saks-Neiman Marcus leader says $2.65 billion deal ‘is about growing'

United States News News

New Saks-Neiman Marcus leader says $2.65 billion deal ‘is about growing'
United States Latest News,United States Headlines
  • 📰 dallasnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 71%

Metrick spoke exclusively to the Dallas Morning News Friday less than 24 hours after HBC, the holding company for Saks, made the deal public.

In exclusive interview with The News, CEO Marc Metrick says there are no plans to shrink either of the rival luxury department stores.

Neiman Marcus has 36 brick-and-mortar stores, two Bergdorf Goodman stores in Manhattan and five discount Neiman Marcus Last Call stores. That includes five Neiman Marcus stores in the Dallas-Fort Worth market. The company has about 10,000 employees nationwide. , with only a three-year stretch at sister department store chain Hudson’s Bay Company before coming back as Saks’ president in 2015.. Brands such as Louis Vuitton, Gucci and Hermès were once only available through high-end department stores such as Saks and Neiman Marcus.branded stores at key shopping centers such as Highland Park Village

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

dallasnews /  🏆 18. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saks Global CEO Marc Metrick on the Days AheadSaks Global CEO Marc Metrick on the Days AheadSaks Global CEO Marc Metrick Talks the Saks and Neiman Marcus Group merger into Saks Global.
Read more »

Farfetch, Neiman Marcus, Dior, Mercedes, Saks and LamborghiniFarfetch, Neiman Marcus, Dior, Mercedes, Saks and LamborghiniLuxury Daily’s live news: Farfetch invests $200M in Neiman Marcus partnership; Christian Dior, UNESCO further commit to empowering women; Mercedes-Maybach launches limited-edition Virgil Abloh S-Class; Saks opens exclusive pop-up shop with Zero Bond; Lamborghini to auction last Aventador Coupé...
Read more »

Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stakeSaks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stakeThe deal will give Amazon unprecedented access to the luxury market — a tricky segment where the company has tried and mostly failed to get a credible foothold for more than a decade.
Read more »

Neiman Marcus is being purchased by Saks for $2.65 billion, according to reportsNeiman Marcus is being purchased by Saks for $2.65 billion, according to reportsIn a $2.65 billion deal, the parent of Saks Fifth Avenue is purchasing Neiman Marcus.
Read more »

Saks owner to buy Neiman Marcus — with help from AmazonSaks owner to buy Neiman Marcus — with help from AmazonThe parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar — all with a little help from Amazon.
Read more »

Saks parent company reportedly buying Neiman MarcusSaks parent company reportedly buying Neiman MarcusThere is no word yet on how this will impact the Dallas headquarters.
Read more »



Render Time: 2025-03-13 12:48:56