Market news: Saks Fifth Avenue, the US luxury goods chain department store, parent company has acquired the competitor Neiman Marcus for a price of $2.65 billion. The merged company annual sales will reach approximately $10 billion. Amazon (AMZN.O) will hold a minority equity stake in the new company and plans to provide it with technology and logistics expertise.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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