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 2017

Monday, June 5 - Thursday, June 8, 2017

Learn More



Love Sparrow!! Not only do they have awesome, unique jewelry, they...

And now it seems they're very open to synthetics: over 55% would...

Not only is Sparrow a unique combo of class and edge, the owners...

A great guy....Ronnie will be missed.

Beautifully written article and many thanks to you, Jen, and Manos...