Saks Fifth Avenue is currently owned by Hudson's Bay Company (HBC).
Since 2013, the luxury department store chain, Saks Fifth Avenue, has been a key component of the portfolio of Hudson's Bay Company. HBC, a North American retail conglomerate, acquired Saks Fifth Avenue as part of its strategic expansion in the luxury market.
Ownership History
Prior to its acquisition by Hudson's Bay Company, Saks Fifth Avenue operated under the ownership of Saks, Inc. This ownership period spanned from 1998 until the acquisition was finalized in 2013.
The table below outlines the recent ownership timeline of Saks:
| Period | Owner |
|---|---|
| 1998–2013 | Saks, Inc. |
| 2013–Present | Hudson's Bay Company |
Key Information
Saks Fifth Avenue is renowned for its flagship store, a prominent landmark located in Midtown Manhattan. The company's operations are overseen by Marc Metrick, who has served as president since 2015.
For more detailed information about Saks Fifth Avenue and its corporate structure, you can refer to relevant financial and corporate news sources, or the Saks Fifth Avenue Wikipedia page.
