The Hudson's Bay Company has bought Saks Fifth Avenue for $2.9 billion.
Both these stores are well-known across North America and the hope is that a partnership with the Canadian company will largely increase sales for Saks, as this luxury wear store suffered during the recession. It's no secret that Saks is for high-end shoppers; just the shoes alone represent originality and high class. Take the Isabella Fiore Voodoo Wedge as the perfect example of a shoe that makes a bold, flashy statement.
Hudson's Bay wants to keep Saks's top-of-the-line image, while also making the store more accessible to a larger audience. With seven typical Saks locations planned for Canada, Hudson's Bay also wants to open 25 discount Saks stores, giving more people a chance to have the elite 'Saks Shopper' title.
Saks Fifth Avenue Mexico City
Sparkly Flaming Pumps
Luxe Paisley Patterned Sneakers
Asymmetric Ruffled Microminis
Isabella Fiore Voodoo Wedge
Commemorating the Saks Fifth Avenue $2.9 Billion Buy by Hudson's Bay
Jul 30, 2013By: Nicole Ballantyne-Choo -