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The Parent Company of Saks Fifth Avenue is Thinking About Going Private

Business Insider

Hudson's Bay Co, owner of the Saks Fifth Avenue and Lord & Taylor retail chains, plans to review its options, including going private, following pressure from an activist shareholder, people familiar with the matter said.

The Canadian retailer's largest shareholder and executive chairman Richard Baker is looking for a new strategy after unsuccessful attempts this year to merge Hudson's Bay with U.S. department store operators Macy's Inc and Neiman Marcus...

Mentions: Investment Saks Fifth Avenue Board of Directors