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Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). [2] [3] [4] The acquisition was finalized in December 2024 and the purchase cost $2.7 billion. [5]
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Saks & Co. Indianapolis, 1906. Andrew Saks was born to a German Jewish family, in Baltimore, Maryland.He worked as a peddler and paper boy before moving to Washington, D.C., where at the age of only 20, and in the still-chaotic and tough economic times of 1867, two years after the United States prevailed in the American Civil War, he established a men's clothing store [12] with his brother ...
Saks remodeled the space, which had been designed by William LeBaron Jenney of Chicago in 1875. Inspired by a building at a World's Fair, the renovated, 4-story store now featured an electrified front entrance with a double archway of copper with four rows of arc lights; 7 large windows, 6 chandeliers and more than 700 lights, making it one of ...
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