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Commerce

Saks parent company to acquire NMG for $2.65B

July 5, 2024

The deal would create a luxury retail superpower in the United States. Image courtesy of Saks The deal would create a luxury retail superpower in the United States. Image courtesy of Saks

 

Hudson’s Bay Company (HBC), the owner of U.S. department store chains Saks Fifth Avenue, Saks Off 5th and Hudson’s Bay, is bringing another luxury seller under its umbrella.

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