You are here

Reports: Lord & Taylor Owner May Buy Saks Fifth Avenue

Reports: Lord & Taylor Owner May Buy Saks Fifth Avenue

So Saks and Neiman Marcus aren’t going to merge. But what about Saks and Lord & Taylor?

Canadian department store Hudson’s Bay Co., which owns the Lord & Taylor department store chain, wants to buy another big U.S. name, Saks Fifth Avenue, The New York Times, The Wall Street Journal, and other news media report.

If the deal goes through, the stores would remain under the Saks name, according to the news outlets.

Saks has reportedly recruited investment bank Goldman Saks to explore the option for the publicly traded company.

Hudson Bay is headed by real estate mogul Richard Baker, who briefly owned jewerly chain Fortunoff.

 

Like this article? Stay up to date with the latest jewelry news

Subscribe to JCK News Daily

Register For

JCK Las Vegas

Friday, June 3 - Monday, June 6, 2016

Register Today!



Went back and read this again and really loved that you write it,...

On this particular point, this is how I recall it: When Gemesis first...

We'll miss you, CI Visions! I'll do my best to capture the show in...

Very good article. I started my own line of pearl bags, scarves and...

Experiential selling at its finest! Offering a comfortable,...