Retail
December 3, 2019
Fireworks display as Saks unveils holiday windows and lighting at its Fifth Avenue flagship store in New York. Image credit: Saks Fifth Avenue
By Staff reports
The battle for control of Saks owner Hudson’s Bay Company has escalated after current management sent a letter to a special committee to reject an all-cash offer from Catalyst Capital Group that values the company at around $1.5 billion.
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","iv":"033d11f6284f4dcfc846e5badeca8c11","s":"8ae6c79439541f54"}
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