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Commerce

Saks Fifth Avenue’s flagship valued at $3.7B for mortgage deal

November 24, 2014

Saks flagship store in New York Saks flagship store in New York

 

By Staff reports

Department store chain Saks Fifth Avenue’s parent Hudson’s Bay Company has announced a 20-year mortgage for the retailer’s New York flagship.

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  1. Men spend more on luxury, but shop the same amount as women: report
  2. Pomellato celebrates trailblazing women at Beverly Hills event
  3. Year-end sales jump 9pc at Hermès
  4. Ruinart welcomes 2026 art series partner
  5. Turning 125, Nordstrom doubles down on luxury brands, loyalty
  6. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
  7. 71pc of UK luxury shoppers prioritize sustainability when purchasing: Farfetch
  8. Handpicked vintage styles inspired by FX’s ‘Love Story’ go live on Vestiaire Collective
  9. Louis Vuitton flagship lands in Beijing
  10. Monogram partners with chef, television personality Maneet Chauhan
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