Luxury Daily
The authority in luxury news.
Dec. 24, 2025
  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Estée Lauder Cos., Jo Malone launch AI scent advisor
  5. WatchBox looks for growth in editorial integration
  6. Burberry bans exotic skins
  7. Luxury Women to Watch 2017
  8. Gucci studies connection in spring/summer 2025 campaign
  9. With ‘My Call,’ Rémy Martin finds meaning in new milestones
  10. Lamborghini heads to French Alps for women-led driving series
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

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.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Estée Lauder Cos., Jo Malone launch AI scent advisor
  5. WatchBox looks for growth in editorial integration
  6. Burberry bans exotic skins
  7. Luxury Women to Watch 2017
  8. Gucci studies connection in spring/summer 2025 campaign
  9. With ‘My Call,’ Rémy Martin finds meaning in new milestones
  10. Lamborghini heads to French Alps for women-led driving series
VIDEOS
More Videos

MORE IN Commerce
Exclusive Resorts purchases Inspirato for $59M
Laura Burdese to succeed Bulgari CEO
Ennismore picks Bangkok site for first-in-region SLS Residences
Matches plots second act under new ownership
Dior builds five-story statement flagship in Beijing
Kering loops France’s Ardian into Fifth Avenue investment



RECENT ARTICLES
Louis Vuitton introduces Visionary Journeys Seoul
Savannah College of Art and Design debuts SCAD LUXE research center
Exclusive Resorts purchases Inspirato for $59M

Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
Follow @LuxuryDaily for the latest in luxury news
Happy Holidays!