A deal for the sale of Saks Fifth Avenue is expected to come Monday morning, with Hudson's Bay Co. emerging as the winner, according to sources.
Richard Baker, chairman of Hudson’s Bay, has reportedly informed close associates that he is confident he’s got the winning bid. Baker has long been interested in buying Saks to beef up his retail portfolio, which includes Lord & Taylor and Hudson’s Bay, and because Saks has valuable real estate and a luxury image.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)