LONDON — Icelandic investment firm Baugur Group has accumulated an 8.1 percent stake in Saks Fifth Avenue, becoming the luxury chain's second largest investor.

Baugur spent about $250 million, or $22 a share, to invest in Saks over the past few weeks, according to Securities and Exchange Commission filings.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus