Tag Archives: Saks Fifth Avenue

Hudson’s Bay Launches Digital Group

Michael Burgess

TORONTO-Hudson’s Bay Co. has created HBC Digital, a group responsible for digital commerce and marketing across the entire company. The retailer has named Michael Burgess, president of Saks Direct, as president of the new group. Burgess reports to the Hudson’s Bay Office of the Chairman. HBC Digital is responsible for the digital commerce and marketingMore »

Harrods’ McKee to Become Saks President

Marigay McKee

TORONTO-Hudson’s Bay Co. has named Marigay McKee, chief merchant of U.K. department store Harrods, president of Saks Fifth Avenue, which Hudson’s Bay is in the process of acquiring. The appointment will take effect when Hudson’s Bay closes on its Saks acquisition, which is expected to take place at the end of the calendar year. TheMore »

Hudson’s Bay to Acquire Saks

Hudson's Bay

TORONTO-Hudson’s Bay Co. has entered into an agreement with Saks Inc. whereby Hudson’s Bay will purchase Saks for $16 a share, in a deal valued at about $2.9 billion including debt. A joint statement from the two retailers said both of their boards of directors have approved the deal, which is expected to close beforeMore »