By  on June 18, 2014

It’s a year after Hudson’s Bay Co. bought Saks Fifth Avenue for $2.9 billion and HBC’s chairman is still touting how great the deal was, particularly from the real estate perspective.

“We believe Saks’ real estate is worth at least as much as we paid for the company,” Richard Baker, HBC’s chairman, said Tuesday at the retailer’s annual meeting in Toronto, where he hinted at the possibility of real estate sales in the future.

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