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Saks Fifth Avenue e-commerce to operate as standalone entity

Following a new minority equity investment by Insight Partners, Saks Fifth Avenue’s e-commerce site is set to become a standalone entity, known simply as Saks. A partnership between the growth capital firm, which made a 500 million dollar investment in the retailer, and Saks’ owner Hudson’s Bay Company (HBC) has valued the business at two...

Mar 15, 2022