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Comment: Saks-Neiman Marcus merger set to attract intense US antitrust scrutiny

By Flavia Fortes ( July 11, 2024, 17:40 GMT | Comment) -- The parent of Saks Fifth Avenue is seeking to buy rival luxury department store Neiman Marcus Group in a $2.65 billion deal that's sure to attract serious antitrust scrutiny from US competition authorities. Not only do the companies have several overlaps across the country, but they are each other’s closest competitor, which has been a focus of antitrust officials’ analyses in recent cases.The parent of Saks Fifth Avenue is seeking to buy rival luxury department store Neiman Marcus Group in a $2.65 billion deal that is sure to attract significant antitrust scrutiny from US competition authorities....

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