DALLAS – The dad or mum firm of Saks Fifth Avenue is reportedly shopping for Dallas-based Neiman Marcus, with somewhat assist from Amazon.
The Wall Avenue Journal reviews the deal is price $2.65 billion.
Amazon would have a minority stake within the new firm to supply expertise 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 yr.
It was present in Dallas in 1907 and its title has turn into synonymous with high-end luxurious gadgets.
There is no such thing as a phrase on when an official announcement will probably be made.