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!



I opened my retail doors three years ago. While it has been an uphill...

Some of them didn’t compete with the internet and tried to go “Triple...

I think that's a very good observation: to observe the world around...

it will accelerate for that reason. Also read e.g. https://psmag.com/...