Is Saks buying Bergdorf Goodman?

Are rumors true that Saks Fifth Avenue is considering acquiring Bergdorf Goodman? This potential acquisition would mark a significant move in the luxury retail landscape, as both brands are known for their high-end offerings and prestigious reputations. Could this merger lead to increased competition for other luxury retailers, or will it simply consolidate power in the hands of one dominant player? What impact would this deal have on consumers, and what can we expect to see in terms of pricing, product offerings, and customer service?