Tag: Hudson’s Bay Company

Gilt Acquired by Hudson’s Bay Co. for $250 M

Posted on by Cynthia Cheng Mintz

With the acquisition, Gilt will be opening brick and mortar departments at at Off 5th (Saks Fifth Avenue’s “outlet” locations) stores and thus, loses its identity.  Why?  Because Gilt’s philosophy is centred around e-commerce, offering designer fashion, accessories and more at up to 70% of retail price for a limited of time (i.e. items will […]

Saks Purchased by HBC! May Head North

Posted on by Cynthia Cheng Mintz

According to the Globe and Mail, the deal between Saks Fifth Avenue and Hudson’s Bay Company (which also owns Saks rival, Lord & Taylor) was finalized Sunday evening at $2.9 billion.  This acquisition could mean that Saks, which has long been rumoured to make its way up to Canada, may finally come into fruition, as will […]