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Saks Spins Stores and E-Comm Into Standalone Sisters

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Are two Saks better than one? The e-commerce business of Saks Fifth Avenue (SFA) will become a standalone firm known as Saks, parent company Hudson’s Bay Co. (HBC) announced as part of its partnership with capital growth investor Insight Partners. The new arrangement yielded a $500 million minority equity stake in Saks valuing the digital…

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