The Latest In Fashion News: Hudson's Bay to Buy Saks
Canada's luxury retailer, Hudson's Bay is making moves to buy it's luxury competitor, Saks Fifth Avenue for $2.4 billion dollars. If the deal goes through, Saks stores will cross the border into Canada into preexisting Hudson's Bay stores or new stores. New Yorkers do not fret, the Fifth Avenue store will operate separately within the HB brand and will remain open. Saks Fifth Avenue will operate under the same umbrella as Lord and Taylor. Fashionista and fashionistos, what do we think about this.
Story Credit: Reuters