Hudson's Bay Buys Saks For $2.9 Bln - Presented by: The Aol. On Network

The Canadian owner of the Lord & Taylor department store chain is buying the iconic luxury retailer, Saks. Hudson's Bay Company will pay $2.9 billion in cash. Combined, HBC will run 320 stores, including its The Bay chain in Canada, that will give it access to luxury, mid-tier and outlet stores.



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