Editor's Note 26

The international retail scene grew more interesting this past week, following reports that Iceland’s The Baugur Group may be looking to buy out Saks Fifth Avenue (Baugur is the high-end department store chain’s second-largest shareholder),

April 6, 2018

The international retail scene grew more interesting this past week, following reports that Iceland’s The Baugur Group may be looking to buy out Saks Fifth Avenue (Baugur is the high-end department store chain’s second-largest shareholder), with a focus on international operations. The retailer recently signed deals to license the Saks Fifth Avenue name in China, Mexico, and the Middle East. Only two stores are currently open, one in Saudi Arabia and another in the United Arab Emirates. A store in Mexico City is expected to open this fall; another in Shanghai by 2009.

Subscribe and receive the latest news from the industry.

Join 62,000+ members. Yes, it’s completely free.

You May Also Like

Loading..

Report

Loading..

This site uses cookies to provide you with the best user experience possible. By using License Global, you accept our use of cookies.