Weekend Briefing: Megamergers like Tapestry-Capri and Saks-Neiman face the FTC

7 months ago 21

Last week, a merger between Neiman Marcus and Saks Fifth Avenue came closer to becoming a reality, but a newly emboldened FTC may try to block the deal. Don’t forget to subscribe to the Glossy Podcast for interviews with fashion industry leaders and Week in Review episodes. Plus, check out the Glossy Beauty Podcast for interviews from the beauty industry. —Danny Parisi, sr. fashion reporter

Saks Fifth Avenue’s long road to merging with Neiman Marcus

As the consolidation of the fashion industry continues, mergers and acquisitions may face a tougher challenge against a newly reinvigorated Federal Trade Commission.

As first reported by WWD on Tuesday, the long-rumored deal to merge Saks Fifth Avenue and Neiman Marcus is looking more likely by the day. As soon as next month, a $3 billion deal to merge both companies could be announced.

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