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Not Censored Yet
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Saks Fifth Avenue owner to spin off into separate business

March 5, 2021

HBC, the owner of Saks Fifth Avenue said Friday it will split the luxury department store’s website into a separate business from its stores after it raised $500 million. The separation allows, which has about $1 billion in annual sales, to raise money to fuel its growth, the company said. E-commerce has experienced explosive… Read More

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