By and and and  on May 23, 2013

This is Saks Inc.’s moment in the spotlight — and a reworking of the luxury sector just might be in the offing.

Word that Saks had hired Goldman Sachs to explore a potential sale drove its stock up another 13.4 percent to $15.50 Wednesday. Traders rushed in to get a piece of the action, and more than 23 million shares changed hands, about 10 times the daily average.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus