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HBC plans IPO for Saks.com

Hudson’s Bay Co. (HBC) has plans to spin off Saks.com into a public company in the near future. The news was reported by WWD. HBC has been meeting with investors regarding taking the company public. The plan is to split Saks.com from the Saks brick-and-mortar stores. The plan is to do an IPO within the next 12 months. This would make Saks Fifth...

18 hours ago