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Neiman Marcus Group CEO Geoffroy van Raemdonck at the 2023 opening of the company's new Dallas hub at Cityplace. [Photo: Neiman Marcus Group]
The Last Word: Neiman Marcus Group CEO on Neiman’s $2.65B Acquisition by Saks Fifth Avenue Parent HBC
by David Seeley | Jul 8, 2024
Last week's earthquake luxury retail news caused ripples from Dallas to New York and beyond. Saks Fifth Avenue parent company HBC is acquiring Neiman Marcus Group for $2.65 billion, establishing a new "technology-powered" luxury retail company called Saks Global. And Amazon is a key partner in the deal—along with being an investor, it will work with Saks Global "to innovate on behalf of customers and brands partners following the close of the transaction," the companies said.
