Can Saks' new CEO repair the damage done to the luxury retailer by years of being treated as a 'financial plaything'? Geoffroy van Raemdonck's first order of business will be to win back fashion brands. Fortune · Jan 15
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion, The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake The Independent UK · Jul 4, 2024
Neiman Marcus doubled down on working from anywhere after dumping half a billion feet of office space. It has no plans to turn back. People-first policies go hand in hand with real estate decisions, chief people officer Eric Severson said. “And we decided to go deep.” Fortune · Jan 4, 2024
Neiman Marcus’s CEO starts his day with a cup of tea and writes thank you notes every night. Here’s his daily routine Geoffroy van Raemdonck kicks off his day leading the $5 billion-a-year luxury retailer at 6:15 a.m. sharp. Fortune · Nov 19, 2023
Neiman Marcus's CEO is done wooing non-wealthy shoppers The luxe retailer gets almost half of its sales from only 2% of customers, and Neiman Marcus likes it that way. Fortune · Feb 10, 2023
Farfetch Agrees To Make ~$200M Investment In Neiman Marcus Group Farfetch Ltd (NYSE:FTCH) has entered into a partnership and investment agreement with the luxury retailer Neiman Marcus Group (NMG). NMG is the parent of brands including Neiman Marcus and Bergdorf Goodman. The partnership will initially focus on re-platforming the Bergdorf Goodman website and mobile application to expand its global capabilities and services. Farfetch will also make a… Benzinga · Apr 5, 2022