Saks owner to buy luxury retailer Neiman Marcus in $2.65 billion deal
![Saks owner to buy luxury retailer Neiman Marcus in $2.65 billion deal](https://media.fashionnetwork.com/m/a929/5641/19dd/959b/c235/34ee/e95b/23f9/38fa/abe7/208x208/abe7.jpg)
Saks Fifth Avenue parent HBC will acquire department store Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs.