Nightly News   |  July 29, 2013

Hudson’s Bay to buy Saks Fifth Avenue

Saks Fifth Avenue is being sold to Canada’s Hudson’s Bay, which owns Lord & Taylor. NBC’s Brian Williams reports.

Share This:

This content comes from Closed Captioning that was broadcast along with this program.

>>> there's about to be a new retail giant. hudson's bay of canada which already owns lord & taylor is buying saks fifth avenue. according to the associated press, it's a $2.4 billion deal. by the way, hudson's bay is the oldest company in north america , founded as a fur pelt trader back in 1670 .