HBC sells stake in Saks online business

March 5, 2021 - All News

In this Tuesday, Nov. 26, 2019, photo shows jewelry on display in The Vault at the Saks Fifth Avenue Flagship in New York. HBC has signed a deal to sell a minority stake in Saks Fifth Avenue's ecommerce business which it plans to spin off into a separate company. THE CANADIAN PRESS/AP/Mary Altaffer

HBC sells stake in Saks online business for US$500M, makes it a separate company

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