Neiman

Exclusive | Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon

by
Exclusive | Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon

A slew of fashion labels and jewelers caught up in Saks Global’s bankruptcy are refusing to ship new merchandise to stores — worried that they won’t get paid as the luxury giant is locked in a high-stakes court battle with Amazon, The Post has learned. Amazon — whose $475 million claim makes it the largest … Read more

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

by
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