The retail landscape is undergoing a significant transformation, particularly in the luxury sector. The recent $2.65 billion acquisition of Neiman Marcus by the Hudson's Bay Company (HBC), facilitated through its subsidiary Saks Fifth Avenue, is a testament to this shift.

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Further Reading:

• Hudson's Bay Company to buy luxury retailer Neiman Marcus in $2.65B US deal
• Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
• HBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus Group for $2.65 Billion and Establish Saks Global, a Technology-Powered Luxury Retail Company