Saks Global is Alienating Thousands of Vendors.
Saks Global, the newly formed parent company of Saks Fifth Avenue, Saks Off 5th, Neiman Marcus and Bergdorf Goodman is playing with financial fire.
The Acquisition:
Saks Global is the new title of the luxury retail and real estate company formed through Hudson's Bay Company's acquisition of Neiman Marcus Group, the parent company of Saks Fifth Avenue, for a total enterprise value of $2.7 billion.
This acquisition unites several prominent luxury retailers under one umbrella:
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