News Release - HSBC Holdings Has Antitrust OK To Buy Neiman Marcus Assets : Household HSBC Watch

HSBC Holdings Has Antitrust OK To Buy Neiman Marcus Assets

July 07, 2005 09:34 ET — WASHINGTON (Dow Jones)–HSBC Holdings PLC’s (HBC) HSBC North America’s Retail Services Division received antitrust clearance from the Federal Trade Commission to buy the private-label credit card accounts and related assets of Neiman Marcus Group Inc. (NMGA) and its subsidiary Bergdorf Goodman Inc. The company said that under the agreement, Neiman Marcus will receive payments for a five-year period for services to be provided to HSBC Retail Services based on performance of the credit program.

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This entry was posted on Thursday, July 7th, 2005 at 10:12 pm and is filed under 05 All Articles, 05 Retail Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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HSBC Holdings Has Antitrust OK To Buy Neiman Marcus Assets

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