Hudson’s Bay Co. has reportedly concluded a deal to buy Neiman Marcus, the Dallas-based luxury department store chain. HBC also owns Saks Fifth Avenue and Saks Off 5th. The deal has been reported to be worth US$2.65 billion. Neiman Marcus has 36 stores in the U.S. According to the Dallas Morning News, the combined company would represent sales of US$10 billion.
HBC buys Neiman Marcus department stores
Most Recent
Most Read
BREAKING: Sycamore, RONA announce acquisition
Mon, December 23rd, 2024
Party City in U.S. files for bankruptcy
Mon, December 23rd, 2024
RONA affiliate expands in New Brunswick
Fri, December 20th, 2024
Caring for workers guides IKEA's HR strategy
Fri, December 20th, 2024
Two-thirds of small businesses have no succession plan: report
Thu, December 19th, 2024
Throwback Thursday: 25 years ago, we interviewed Annette Verschuren
Thu, December 19th, 2024
Featured Classified: Kidde
Thu, December 19th, 2024
Construction spending declines in October
Wed, December 18th, 2024
U.S. housing starts down as permits rise
Wed, December 18th, 2024
New podcast features Jeld-Wen’s Lisa Bergeron
Wed, December 18th, 2024
