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Saks Fifth Avenue Buys Neiman Marcus!
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1 year ago
Saks Fifth Avenue to buy Neiman Marcus
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00:00
Are you ready to hear the latest shakeup in the luxury retail world?
00:03
Saks Fifth Avenue is buying Neiman Marcus for $2.65 billion.
00:08
The parent company of Saks Fifth Avenue is reportedly buying Dallas-based Neiman Marcus.
00:12
This blockbuster deal, valued at $2.65 billion, includes Amazon taking a minority stake.
00:19
Neiman Marcus, which filed for bankruptcy protection in May 2020 due to the pandemic,
00:24
has since bounced back.
00:25
Founded in Dallas in 1907, Neiman Marcus is renowned for its high-end luxury items.
00:31
With Amazon providing technology expertise, this acquisition promises significant changes
00:36
in the luxury retail landscape.
00:38
Stay tuned for more updates on this major development.
00:41
Remember to like and subscribe for the latest news in luxury retail.
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