Saks Acquires Neiman Marcus: A Merger to Reshape Luxury Retail
Financial Implications and Market Reactions Saks buys neiman marcus – The merger between Saks and Neiman Marcus has significant financial implications and has generated mixed reactions in the market. The acquisition was valued at approximately $2.2 billion, with Saks paying $1.5 billion in cash and issuing $700 million in stock to Neiman Marcus shareholders. Purchase … Read more