News briefs
March 8, 2021
Saks is now valued at $2 billion. Image credit: Saks
By Luxury Daily News Service
Luxury Daily’s live news for March 5:
HBC splits Saks ecommerce, stores into separate businesses
Hudson’s Bay Company is spinning off the ecommerce site for U.S. department store chain Saks Fifth Avenue into its own separate entity as luxury ecommerce continues to grow.
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