DALLAS – The guardian firm of Saks Fifth Avenue is reportedly shopping for Dallas-based Neiman Marcus, with a bit of assist from Amazon.
The Wall Avenue Journal studies the deal is price $2.65 billion.
Amazon would have a minority stake within the new firm to offer know-how experience.
The mixed firm would have about $10 billion in annual gross sales.
Neiman Marcus filed for chapter safety in Could 2020 throughout the pandemic, however exited chapter later that 12 months.
It was present in Dallas in 1907 and its identify has develop into synonymous with high-end luxurious gadgets.
There isn’t any phrase on when an official announcement will probably be made.
