Saks owner HBC, whose talks to merge with its longtime a were first reported by The Post last summer, will acquire Neiman Marcus for $2.65 billion, according to sources close to the situation ...

Hudson’s Bay Company (HBC), parent company of Saks Fifth Avenue, has completed the acquisition of Neiman Marcus Group, a US-based department store chain, for a total enterprise value of $2.7bn.

Richard Baker, CEO and chairman of HBC, told The New York Times said the company was “not planning on closing any stores or digital businesses or reducing services in any way,” even though the ...