Tag Archives: Saks Inc.

Sadove Chosen to Chair Borderfree Advisory Board

Stephen Sadove

NEW YORK-Borderfree, a global e-commerce company, has named Stephen Sadove, former chairman and CEO of Saks Inc., as chairman of its newly created advisory board. Borderfree provides management for all aspects of international online retailing, including localized pricing and payment processing, landed cost calculation, customs clearance and brokerage, fraud management, logistics orchestration and customer-experience parity.More »

Acquisition Costs Boost Hudson’s Bay Q3 Loss

Hudson's Bay

TORONTO-The costs related to the company’s acquisition of Saks Inc., which closed in November, flooded additional red ink onto Hudson’s Bay Co. bottom line in its fiscal third quarter ending on Nov. 2. The retailer’s net loss in the quarter totaled C$124.2 million (U.S.$ $119.2 million), compared to C$14.4 million (about the same in U.S.More »

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 »