Saks Fifth Avenue announced Monday that it has agreed to let Hudson's Bay Company - the Toronto-based firm that owns Lord & Taylor and Hudson's Bay - buy the company for $2.4 billion. This means one of America's most famous department-store chains is now owned by a Canadian business, and it also means Saks will soon expand into the Great White North. The chain's new owners plan to build Saks Fifth Avenue locations and its Off Fifth outlet stores throughout Canada, according to Dealbook. These st...
Saks Fifth Avenue announced Monday that it has agreed to let Hudson's Bay Company - the Toronto-based firm that owns Lord & Taylor and Hudson's Bay - buy the company for $2.4 billion. This means one of America's most famous department-store chains is now owned by a Canadian business, and it also means Saks will soon expand into the Great White North. The chain's new owners plan to build Saks Fifth Avenue locations and its Off Fifth outlet stores throughout Canada, according to Dealbook. These st...
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