Who owns Saks?

Who owns Saks?

Hudson’s Bay Company acquired Saks in November 2013. Proffitt’s Inc. began as five Proffitt’s stores in the Knoxville, Tennessee, metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffitt’s Inc. grew by acquiring several department stores.

When did Saks sell Parisian stores?

On August 2, 2006, Saks Incorporated announced that it had agreed to sell its upscale 38 Parisian stores, along with two regional distribution centers and Birmingham corporate headquarters to Belk, which rebranded them under their own name in the third quarter of 2007.

What’s going on with Saks?

The U.S. Securities and Exchange Commission (SEC) investigated the complaint for years, and according to the New York Times “exposed a tangle of illicit tactics that let Saks keep money it owed to clothing makers”, inflating Saks’ yearly earnings up to 43% and abusively collecting around $30 million from suppliers over seven years.

When did Proffitt’s buy Saks?

Hudson’s Bay Company acquired Saks in November 2013. Proffitt’s Inc. began as five Proffitt’s stores in the Knoxville, Tennessee, metropolitan area.