On Monday local time, Saks Global, a leading luxury goods retail and real estate company in the USA, announced that it has completed the acquisition of the Neiman Marcus Group, with a transaction value of 2.7 billion USD.
Saks Global now includes brands such as Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH, with each brand continuing to serve customers under its own name.
Saks Global's Executive Chairman Richard Baker stated: "This milestone transaction marks a transformative moment for Saks Global and the luxury goods retail industry. By uniting Neiman Marcus, Bergdorf Goodman, and Saks Fifth Avenue, we have created an unparalleled multi-brand luxury portfolio with enormous growth potential. With data and innovation at the core, along with a prime real estate portfolio, our goal is to redefine the luxury shopping experience."
