Private Equity Firm Makes Bid for Saks, Reports Say

Private equity firm Starwood Capital has made a bid for Saks Fifth Avenue, according to The New York Post and other press accounts. 

The retailer is currently a public company.

Other entities reportedly interested in Saks include Qatar Holding, an investment firm linked to the government of Qatar. Qatar Holding is currently the largest investor in Tiffany & Co.

At one point, a private equity firm looked at merging Saks and Neiman Marcus, but that plan was eventually squashed. 

Another contender is said to be Hudson Bay, a fund that currently owns Lord & Taylor.

JCK News Director