Jan 06

Saks Fifth Avenue Parent Company Hudson’s Bay Agrees to Take-Private Offer

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Richard Baker, the chairman of Hudson’s Bay Company, hopes to succeed where others have largely failed in recent years by taking a retailer private–in this case a department store operator–even as the broader category continues to struggle. The parent of luxury retailer Saks Fifth Avenue agreed to be taken private for 11 Canadian dollars ($8.48)…

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