By  on June 24, 2013

NEW YORK — Hudson’s Bay Co., led by Richard Baker, chairman and chief executive officer, has emerged as a serious contender to purchase Saks Inc., which has been in play for about a month.

Baker and his team have been busy working on a deal and have been utilizing Hudson’s Bay’s U.S. headquarters at 15 West 39th Street, at the Lord & Taylor flagship, as a base to conduct due diligence and strike a deal, according to industry sources.

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