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Saks owner completes deal to acquire luxury retail competitor Neiman Marcus

Combined company has real estate portfolio value of $7 billion
The parent company of Saks Fifth Avenue has combined with Neiman Marcus Group in a $2.7 billion deal. (CoStar)
The parent company of Saks Fifth Avenue has combined with Neiman Marcus Group in a $2.7 billion deal. (CoStar)
CoStar News
December 24, 2024 | 8:02 P.M.

The parent company of luxury department store Saks Fifth Avenue has finalized a $2.7 billion acquisition of competitor Neiman Marcus Group, combining the pair of retail giants into a singular shopping colossus.

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