Saks Buyout Getting Closer?

Baugur has stepped up its takeover interest in Saks, the New York-based luxury retailer, by hiring NM Rothschild and Financo, a U.S. corporate-finance boutique, to advise on the deal. The privately owned Icelandic company announced at the end of last

April 6, 2018

Baugur has stepped up its takeover interest in Saks, the New York-based luxury retailer, by hiring NM Rothschild and Financo, a U.S. corporate-finance boutique, to advise on the deal. The privately owned Icelandic company announced at the end of last month that it could make a joint bid with Dubai’s Landmark Group. It is expected that any takeover bid for Saks would be worth between $3 billion and $4 billion.

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