• Saks Fifth Avenue stores and e-commerce to become separate companies

    1 month ago - By Fashion United

    Saks Fifth Avenue stores and saksfifthavenue.com are being split into two separate companies. Insight Partners, a private equity firm, partnered with Saks' parent company Hudson's Bay Co. to make Saks Fifth Avenue's e-commerce business its own entity, simply known as Saks. Saks' e-commerce currently has a 2 billion dollar valuation, and Insight partner made a 500 million dollar minority investment in the enterprise.
    Saks Fifth Avenue's fleet of 40 stores will operate as an entity called SFA, which will remain owned solely by Hudson's Bay Co. This division has launched speculation that...
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  • Must Read: Saks Fifth Avenue to Break From its Online Business, Emilio Pucci Pivots Focus to Resort

    Must Read: Saks Fifth Avenue to Break From its Online Business, Emilio Pucci Pivots Focus to Resort

    1 month ago - By Fashionista

    These are the stories making headlines in fashion on Friday. Saks Fifth Avenue to spin off its online businessInsight Partners, the owner of Saks Fifth Avenue, is splitting the e-commerce side of the business into a separate entity. It's also put up $500 million for a minority stake in Saks.com,...
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