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Saks Inc.

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  • Neiman Marcus files for IPO, aims to raise $100 million

    Neiman Marcus Inc., owner of luxury department stores stuffed with brands such as Prada, Chanel and Gucci, said in a regulatory filing Monday that it plans to raise up to $100 million in an initial public offering.
  • Saks plans 191 layoffs in Aberdeen

    Saks plans 191 layoffs in Aberdeen
    Saks Inc. warned state regulators Wednesday that it plans to lay off 191 employees in Aberdeen starting Jan. 3, a move the company said comes as a result of its November acquisition by Hudson's Bay Co. Some of the work at the Saks complex, which includes...

    Saks sold to Lord & Taylor's Canadian owner Hudson's Bay

    Luxury retailer Saks Inc. is going Canuck, selling itself for $16 a share to Hudson’s Bay, owner of department store chain Lord & Taylor. The deal represents a 30% premium to Saks’ stock price on May 20, just before speculation emerged about...

    'Fashion Star' canceled, Saks acquired by Hudson's Bay Co.

    'Fashion Star' canceled, Saks acquired by Hudson's Bay Co.
    'Fashion Star' fizzles: NBC has canceled the reality fashion competition show "Fashion Star," according to the Hollywood Reporter. The series, which featured Jessica Simpson, Nicole Richie and menswear designer John Varvatos mentoring up-and-coming...

    Saks to close after the holidays

    Saks to close after the holidays
    The Saks Fifth Avenue in Highland Park will close after the holiday season, displacing roughly 60 workers, the company recently announced. The 12-year-old, 49,000-square-foot store will close Dec. 31. "We routinely assess the productivity,...