Hudson's Bay, which owns Saks Fifth Avenue, is being taken private by a group of its shareholders. The shareholder group, which includes Hudson's Bay Executive Chairman Richard Baker, owns 57% of the Canadian company. Hudson's Bay has struggled to adapt to a dramatic shift to online shopping. The owner of Saks Fifth Avenue is being taken private by a group of its shareholders. Hudson's Bay said Monday that its common shares will be purchased for 10.
Hudson's Bay, which owns Saks Fifth Avenue, is being taken private by a group of its shareholders. The shareholder group, which includes Hudson's Bay Executive Chairman Richard Baker, owns 57% of the Canadian company. Hudson's Bay has struggled to adapt to a dramatic shift to online shopping. The owner of Saks Fifth Avenue is being taken private by a group of its shareholders. Hudson's Bay said Monday that its common shares will be purchased for 10.
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