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Hudson's Bay Buys Saks For $2.9 Bln

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Hudson's Bay Buys Saks For $2.9 Bln
AIRED:
The Canadian owner of the Lord & Taylor department store chain is buying the iconic luxury retailer, Saks. Hudson's Bay Company will pay $2.9 billion in cash. Combined, HBC will run 320 stores, including its The Bay chain in Canada, that will give it access to luxury, mid-tier and outlet stores.moreless
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