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Март
2021

Saks Fifth Avenue owner to spin off Saks.com into separate business

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HBC, the owner of Saks Fifth Avenue said Friday it will split the luxury department store’s website into a separate business from its stores after it raised $500 million. The separation allows Saks.com, which has about $1 billion in annual sales, to raise money to fuel its growth, the company said. E-commerce has experienced explosive...



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