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Saks to Acquire Neiman Marcus

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Retail

Saks to Acquire Neiman Marcus

The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar with the matter, creating a powerhouse in luxury retailing that seeks to hang onto wealthy shoppers — all with a little help from Amazon.com. Amazon and Salesforce will take minority stakes in the combined company, to […]