Seeking Alpha

Saks said to be considering Barneys rescue

|About: Hudson's Bay Company (HBAYF)|By:, SA News Editor

Saks Inc. is looking to join with Authentic Brands to make a bid for Barneys New York, sources tell The Wall Street Journal.

The deal is said to include Saks taking over Barneys' website, launching Barneys departments in 41 of its stores and potentially taking over some Barneys locations.

Saks is owned by Hudson Bay Company (OTCPK:HBAYF), while BlackRock (NYSE:BLK) holds the largest stake in Authentic Brands.

Try Seeking Alpha PREMIUM for unlimited analysis on HBAYF