Saks snapped up by Canada's Hudson's Bay in $2.9bn deal

US high-end department store chain Saks has been snapped up by Canadian retailer Hudson's Bay Company in a $2.9bn (£1.9bn) deal. Hudson's Bay, which operates department store chain Lord & Taylor in the US, said the acquisition would allow it to establish Saks in Canada. via Pocket http://www.bbc.co.uk/news/business-23491574#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa