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Dec. 22, 2025
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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

 

By Zach James for Luxury Daily News Service

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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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Savannah College of Art and Design debuts SCAD LUXE research center
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Exclusive Resorts purchases Inspirato for $59M
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Nordstrom ignites gifting spirit with ‘Oh, What Fun!’
  8. Longines announces latest Ambassador of Elegance
  9. Dolce & Gabbana introduces advent calendar this season
  10. Lancome to secure spokeswoman Julia Roberts for $50M
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