New York and Toronto — Saks Fifth Avenue is revealing details about the previously announced opening of two full-line Saks Fifth Avenue stores in Toronto, Canada. The 163,000-square-foot location in the Eaton Centre at Queen Street is expected to open on February 18, 2016. A week later, the 150,000-square-foot Sherway Gardens location is anticipated to open on February 25, 2016.
hudson’s bay company
Toronto — Hudson’s Bay Company (HBC) has entered into a definitive agreement with METRO AG to acquire Galeria Holding, the parent company of Germany’s Number 1 department store, Kaufhof, for €2.420 billion (C$3.357 billion). The acquisition is expected to close by the end of third fiscal quarter 2015.
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