Saks Global is the American division of the Canadian holding company Hudson's Bay Company, founded in July 2024. It is also the successor to the Neiman Marcus Group, which was acquired by HBC in December 2024.

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Saks Fifth Avenue

Jan 14, 2025 · The acquisition combines the luxury retail brands under the newly formed Saks Global, with the goals of creating a US-luxury retail empire and reviving the department store model.

Feb 17, 2025 · Saks Global is changing the way it pays vendors as part of a new operating model. CEO Marc Metrick says, “We’re in this with the small guys.”

Upon transaction close, HBC will establish Saks Global, a combination of world-class luxury retail and real estate assets, including Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman, each of which will continue operations under their respective brands.

6 days ago · Saks Global will slash about 150 jobs across several departments as it combines with newly-acquired Neiman Marcus, The Post has learned.

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Dec 24, 2024 · On 23 December, Saks Global announced the completion of its acquisition of Neiman Marcus Group for $2.7 billion, forming the United States’s newest luxury group. Saks Global now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks Off 5th, as well as a $7 billion portfolio of retail real estate assets.

Dec 24, 2024 · Saks Global completed its acquisition of Neiman Marcus Group for $2.7 billion, the company announced on Monday. The move brings several luxury retailers under the Saks Global corporate roof,...