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Who will be the CEO of Saks Global by end of 2024?
2
Resolution / Starting Odds
Current Saks CEO • 25%
Current Neiman Marcus CEO • 25%
Amazon executive • 25%
Other • 25%
Official announcements from Saks Global, financial news outlets like WSJ
Story
Saks Parent Acquires Neiman Marcus for $2.65 Billion with Amazon and Salesforce Support
Jul 3, 2024, 08:06 PM
The parent company of Saks Fifth Avenue has finalized a $2.65 billion deal to acquire its rival, Neiman Marcus. The transaction is supported by Amazon, which will take a minority stake in the newly formed entity, to be named Saks Global. Salesforce is also involved in the deal. This merger is expected to create a significant player in the retail industry. WSJ reports.
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