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Shareholders vote to take Saks Fifth Avenue parent HBC private

Posted By Luxury Daily News Service On In Featured,Industry sectors,Retail | No Comments
HBC-owned Saks Fifth Avenue's light show in New York ends Jan. 2, continuing a well-loved tradition over the years. Image credit: Saks Fifth Avenue HBC-owned Saks Fifth Avenue's light show in New York ended Jan. 2, continuing a well-loved tradition over the years. Image credit: Saks Fifth Avenue

 

By Luxury Daily News Service

Shareholders of Hudson’s Bay Company overwhelmingly voted in favor of taking the parent of Saks Fifth Avenue private, ending a saga over control with its largest single stockholder.