By  on September 14, 2013

NEW YORK ­— There are big changes ahead at Saks, Inc., starting at the top.

Stephen I. Sadove, Saks’ chairman and chief executive officer, and Ronald Frasch, president and chief merchandising officer, are both leaving the business in the wake of the Hudson Bay Co.’s $2.9 billion takeover, according to sources. An announcement is expected imminently, possibly Monday.

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