By and and  on March 18, 2010

Diego Della Valle is voting with his wallet that there’s more upside potential in Saks Inc.

By spending an additional $30.2 million since March 10, Della Valle has boosted his stake in the luxury retailer to 9.4 percent from 7.1 percent. While the investment is significant, Saks has proven to be a lucrative deal for Della Valle: He has already made a profit of more than $44.5 million on the shares he has snapped up since last year.

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