Saks to separate website into new company as luxury e-commerce grows

Brahm Buck

NEW YORK (AP) — Saks Fifth Avenue is spinning off its website into a separate company, with the hopes of expanding that business at a time when more people are shopping online. Shoppers won’t notice the change. The website will still carry the Saks name. And shoppers will still be […]

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Saks Fifth Avenue Stores, E-commerce Becoming Separate Companies

The Hudson’s Bay Co. is splitting its Saks Fifth Avenue store fleet and into separate companies. Insight Partners, a private equity firm, has entered into a partnership with HBC, establishing Saks Fifth Avenue’s e-commerce business as a stand-alone entity, which will be known as Saks. Insight Partners has made […]