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Dec. 26, 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. In conversation with Hong Kong property and hotel mogul Adrian Cheng
  2. Brioni launches anniversary capsule at Bergdorf Goodman
  3. Veuve Clicquot debuts après-ski activations
  4. Dior dives into French Riviera with escapist fragrance
  5. Audi propels Santa into the future with electric sleigh
  6. Hermès showcases the surreal for spring campaign
  7. Pratesi continues retail push with new Boston boutique
  8. Lexus turns LX into full-service glam suite for experiential activation series
  9. Bergdorf Goodman unveils vibrant holiday window displays
  10. Chanel unleashes ‘From Dream to Reality’
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