Saks for Sale?
Could be. This just in this morning from New York Times’s DealBook blog. The blog got its information from The Daily Mail, which reports:
Rumours emanating from Manhattan suggest a private equity consortium, comprising both U.S. and U.K. players, has for months been stalking Saks Inc., which owns Saks Fifth Avenue, one of the most prestigious U.S. retailing chains.
Due diligence is said to be almost complete and a cash bid of $1.7 billion (
