Hudson’s Bay closes Saks acquisition

Saks Fifth Avenue

Hudson’s Bay Company has completed its $2.9 billion acquisition of Saks.

Steve Sadove to Join JCPenney Board

Stephen Sadove

Saks chairman and CEO Stephen Sadove, who is set to leave the retailer following its merger with Hudson’s Bay Company, has been lined up to join the board of JCPenney.

Saks Launches Off Fifth E-Commerce

Saks Off Fifth

Saks Inc. has launched an e-commerce site for its off-price division, Saks Off Fifth.

Saks Inc. Plans 7 New Off Fifth Stores for 2014

Saks Off Fifth

Saks Inc. has announced plans to open seven new off-price stores in seven different states next year.

Hudson’s Bay swings to Q2 loss

Hudson's Bay Company

Hudson’s Bay Company swung to a Q2 loss, weighed down by $58 million in costs related to the pending acquisition of Saks.

Saks Q2 Losses Widen to $19.6 Million

Saks Inc

Saks has seen its losses widen in Q2, after the retailer was weighed down by higher costs and increased markdowns.

Analysts Mixed on Hudson’s Bay’s Bid for Saks

Saks Fifth Avenue

Analysts are taking a mixed view of the $2.9 billion Hudson’s Bay Company acquisition of Saks Inc., with one saying it “undervalues” the shares while another describing it as a “compelling” offer.

Hudson’s Bay buying Saks for $2.9 billion

Saks Fifth Avenue

Hudson’s Bay Company, the owner of Lord & Taylor and Canada’s Hudson’s Bay department store, will buy Saks Inc. for $2.9 billion ($16 per share).

Starwood Capital submits bid for Saks?

Saks Fifth Avenue

Starwood Capital Group is rumored to have bid for Saks Inc.

Hudson’s Bay may be exploring Saks bid

Richard Baker

Hudson’s Bay has reportedly emerged as a potential bidder for luxury retailer Saks.