Saks Incorporated

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Owners of Neiman Marcus sell chain for $6 billion

NEW YORK (AP) — Luxury merchant Neiman Marcus is getting a new owner. Ares Management and Canadian Pension Plan Investment Board announced Monday they are buying the luxury chain Neiman Marcus for $6 billion. The […]

09/09/2013

Saks & Company store in New York. (AP Photo/Seth Wenig, File)

Hudson’s Bay buying Saks for about $2.4 billion

NEW YORK (AP) — Don’t let the global economy fool you: Luxury is hardly dead. Saks Inc. agreed to sell itself to Hudson’s Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for […]

07/29/2013

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Neiman Marcus plans to raise up to $100M in IPO

NEW YORK (AP) — Luxury retailer Neiman Marcus plans to raise up to $100 million by returning to the stock market with an initial public offering. That amount is likely to change, though, as bankers […]

06/24/2013

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