Hudson’s Bay looking to take Saks.com public

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Saks Fifth Avenue’s brick-and-mortar operation may end up being a separate company from its online business.

In a move that would likely be the first of its kind, Hudson’s Bay Co. has begun meeting with investors to spin off Saks.com into a public company, WWD reported. The two companies would have an exclusive agreement between them in line with today’s omnichannel world, the report said.


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“Hudson’s Bay is meeting with investors now to do a private placement in Saks.com, putting it in a position to do an IPO in the next 12 months,” a source told WWD.

Industry sources said the separation of the Saks website as its own company from the brick-and-mortar stores would likely be a first in the retail industry, according to the report.

To read the full WWD story, click here.


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