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Saks Global is the American division of the Canadian holding company Hudson's Bay Company, founded in July 2024. It is also the successor to the Neiman Marcus Group , which was acquired by HBC in December 2024.
Saks, Inc. was an American holding company founded in 1998 through the merger of Proffitts, Inc. and Saks Fifth Avenue. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of numerous regional department store chains including Carson's, McRae's, Parisian, and Proffitt's as well as the New York City-based Saks Fifth Avenue.
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Saks & Co. Indianapolis, 1906. Andrew Saks was born to a German Jewish family, in Baltimore, Maryland.He worked as a peddler and paper boy before moving to Washington, D.C., where at the age of only 20, and in the still-chaotic and tough economic times of 1867, two years after the United States prevailed in the American Civil War, he established a men's clothing store [12] with his brother ...
SaksWorks is an American coworking space provider and sister brand to the Saks Fifth Avenue department store chain, both of which are based in New York City and owned by Hudson's Bay Company (HBC). The concept was conceived amid the COVID-19 pandemic to redevelop the former Lord & Taylor brick-and-mortar locations. [1]
In 2013, Baker led the acquisition by Hudson Bay Company of Saks Fifth Avenue and Saks Off 5th [25] through the $2.9 billion purchase of its parent company, Saks Inc. [26] [27] In 2015, as HBC's chairman, Richard orchestrated the acquisition of Germany's largest department store chain, Galeria Kaufhof. [28]