mergers & acquisitions

Saks Fifth Avenue and Neiman Marcus to merge in $2.65B blockbuster deal, Amazon to acquire stake

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Saks Fifth Avenue and Neiman Marcus to merge in .65B blockbuster deal, Amazon to acquire stake

Saks Fifth Avenue and Neiman Marcus have reportedly agreed to a blockbuster merger that combines the nation’s two dominant luxury retailers – and Amazon is joining the deal, too. Saks owner HBC, whose talks to merge with its longtime archrival were first reported by The Post last summer, will acquire Neiman Marcus for $2.65 billion, … Read more

Estée Lauder acquiring fashion label Tom Ford for $2.8B

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Estée Lauder acquiring fashion label Tom Ford for .8B

Estée Lauder said Tuesday it clinched a deal to buy fashion label Tom Ford for $2.8 billion in what would be its biggest acquisition. The deal will help Estée beef up its luxury offerings at a time when demand for high-end apparel and accessories remains resilient despite record inflation in the US. Founded by fashion designer Tom Ford … Read more