Saks Fifth Avenue and Amazon are buying Neiman Marcus ...Middle East

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Saks Fifth Avenue and Amazon are buying Neiman Marcus
By Nathaniel Meyersohn and Jordan Valinsky, CNN New York (CNN) — Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. And Amazon wants to help. Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the two namesake department stores plus Saks Off 5th discount store and the upscale Bergdorf Goodman. “We’re thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman,” said HBC CEO Richard Baker in a release. The two companies have been linked to merger talks for years, and the deal gives th

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