NEW YORK — Hudson’s Bay Co.’s $2.9 billion takeover of Saks Inc. is set to close Monday and personnel changes are already sweeping through the retailer.
Saks shareholders signed off on the deal Wednesday morning at a special meeting at the University Club here. Later in the day, outgoing chairman and chief executive officer Stephen Sadove detailed a raft of high-level departures in an internal memo obtained by WWD.
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)