The Saks-Neiman Marcus mega-deal and Amazon’s underground path to luxury

With an investment in the future Saks Global, Amazon gets access to luxury fashion and US multibrand retail gets power in consolidation and tech.
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HBC, the parent company of luxury retailer Saks Fifth Avenue, has confirmed reports that its long-awaited deal to acquire rival Neiman Marcus Group — owner of Neiman Marcus and Bergdorf Goodman — for $2.65 billion is finally here. And as a pending investor in the merged company, Amazon has found a new path (or underground tunnel) into luxury fashion.