The landlord of Saks 5th Street, Hudson’s Bay, may well be nearing a deal to procure luxurious store Gilt Groupe for approximately $250 million, The Wall Side road Magazine reported Monday.
Canada-based Hudson’s Bay owns a number of division retail outlets together with Lord & Taylor, Saks and Saks Off fifth, amongst others.
In keeping with the thing, no deal has been reached but. The Magazine reported that Hudson’s Bay may just pair Gilt with its off-price Saks Off fifth logo, in line with resources.
supply : CNBC