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Dallas-based Neiman Marcus gets bought by Saks Fifth Avenue parent company

Neiman Marcus downtown Dallas

Neiman Marcus

A legendary Dallas retailer is changing hands: Neiman Marcus Group, which includes fashion retailers Neiman Marcus and Bergdorf Goodman, has sold to Saks Fifth Avenue parent company HBC to create a luxury retail and real estate company in a $2.65 billion deal.

The new company would be called Saks Global and include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman, which will still operate with their current brand names. Amazon is also pitching in on the deal as an investor.

"This announcement is a testament to our team's unwavering commitment to building rewarding customer relationships, driven by our differentiated business model. We believe this is a proactive choice in an evolving retail landscape that will create value for our customers and brand partners,” Geoffroy van Raemdonck, CEO of Neiman Marcus Group, said in a statement.

Saks Global will also include HBC’s U.S. real estate assets and Neiman Marcus Group’s real estate assets, creating a $7 billion portfolio of retail real estate assets in luxury shopping destinations.

Originally opened in 1907 by Herbert Marcus, Sr., Carrie Marcus Neiman and A.L. Neiman, Neiman Marcus was a community custom clothing store with men's and women's clothing options in downtown Dallas before transitioning to the luxury fashion retailer it is today.

Following the merger, Saks Global plans to invest in luxury shopping and the online fulfillment process, incorporate AI into the customer experience, support emerging designers, and offer value and career development opportunities to employees.

Current Saks.com CEO Marc Metrick will become CEO of Saks Global, leading Saks Global’s retail and consumer businesses. Ian Putnam, currently President and CEO of HBC Properties and Investments, will become CEO of Saks Global Properties and Investments, which will manage and enhance the company’s asset portfolio.

“Saks has remained steadfast in our commitment to be at the forefront of luxury fashion, meeting customers not just where they are, but where they are going,” Metrick said in a statement. “We have respect and admiration for NMG and the contributions its teams have made in the company’s evolution. Together, with our ongoing focus on innovation, we are primed to drive growth for our brand partners and create career development opportunities for the incredible talent across Saks Global.”

welcome to texas

Viral food critic Keith Lee has moved from Las Vegas to Dallas

Keith Lee - Facebook

TikTok food critic Keith Lee is now a Texas resident.

Social media sensation and local restaurant reviewer Keith Lee has packed his bags and made the big move from Las Vegas to Texas.

The famous food critic "let the cat out of the bag" officially in a recent post on the social media platform TikTok, where he posts all of his restaurant reviews. But he'd already previously revealed that he and his wife, Ronnie, became homeowners in a different video posted in mid-October.

"Not only have those food reviews played a pivotal role in changing me and my family's life, over 150 families' lives across the nation in less than a year's time," Lee said in the video. "And on top of that, I just became the first person in an entire generation to own a house."

Though Lee didn't share which Texas city he and his family moved to, posts on X (formerly known as Twitter) tipped it off that he'd moved to Dallas, while at the same time urging fans to give the guy some privacy.

"If you’ve met Keith Lee in Dallas recently don’t be weird and post what area," one X user wrote. "He’s still human & he’s new here. Let’s not ruin it."

Lee is no stranger to Dallas, after having spent a week in Dallas-Fort Worth in February 2024. He visited local restaurants like Brunchaholics, Thunderbird Pies, Halal Fuzionz, and more.

He also made a special visit to Taste Project in Fort Worth to donate $4,000 to support the nonprofit's mission to fight food insecurity.

In June, Lee swing back through Dallas to partner with Microsoft in a project called "The Reheat," to show how the tech company's AI products can help three Black-owned restaurants deal with business surges.

Most recently, Lee returned to Dallas to review the classic and buzzy food offerings at the Texas State Fair, such as a steak kabob, cotton candied bacon, turkey leg tacos, and much more. Maybe the State Fair is what cinched the win over Houston, which he visited in November 2023.

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