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Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.  As part of the deal, Amazon will provide logistics in what HBC says will be a "technology-powered luxury retail company." “We're thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus, and Ber…

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by Joe Lombardi
Business
Amazon Fulfillment Center Gets Approval At Former IBM Site In Hudson Valley Amazon Fulfillment Center Gets Approval At Former IBM Site In Hudson Valley
Amazon Fulfillment Center Gets Approval At Former IBM Site In Hudson Valley Hundreds of new jobs are heading to the Hudson Valley as Amazon received its final approval to open up a new fulfillment center at the former IBM campus in the Hudson Valley. On Tuesday, March 9, Amazon announced its plans to expand its operation in Dutchess County at the 631,000-square-foot site on Route 52 in East Fishkill, which is expected to create more than 500 full-time jobs and hundreds of part-time jobs. It will be Amazon’s first operations site in Dutchess and third in New York, joining two sorting centers and 15 delivery stations. 
“We are proud to continue our growth and i…

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by Zak Failla