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Saks Fifth Avenue owner files legal papers ahead of shareholder approval to go private

Not merely window dressing: Saks Fifth Avenue in New York is the crown jewel in Hudson's Bay Company's portfolio. Image credit: Saks Fifth Avenue Not merely window dressing: Saks Fifth Avenue in New York is the crown jewel in Hudson's Bay Company's portfolio. Image credit: Saks Fifth Avenue

 

Saks owner Hudson’s Bay Company has filed papers with the Canadian authorities ahead of a shareholder meeting seeking approval to take the beleaguered company private.