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Maroc Maroc - THESTAR.COM.MY - Business News - 04/Jul 16:00

Saks owner nears US$2.65bil Neiman buy

The owner of Saks Fifth Avenue is close to acquiring Neiman Marcus Group for US$2.65bil, according to a person familiar with the matter – a deal that would unite America’s two largest high-end department-store chains in a bid to grab a bigger share of a slowing industry. Read full story

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