Posted Jan 19, 2014, 10:55 PM
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gettin' rich!
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Join Date: Aug 2002
Location: Toronto
Posts: 34,207
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Saks is getting a billion-dollar makeover—just in time for its Toronto debut
http://www.torontolife.com/style/tor...-brand-revamp/
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Saks Fifth Avenue, a soon-to-be major player in Toronto’s flourishing department-store scene, is about to get a facelift—to the not-so-tiny tune of $1.25 billion. The American luxury retailer, which was snapped up by Hudson’s Bay in 2013, is set to replace the Bay’s drab retail mausoleum at Yonge and Bloor in the near (but still unspecified) future. Now it looks like the trade-up may be better than anticipated, thanks to a brand-wide revamp helmed by new Saks president Marigay McKee. According to industry site Business of Fashion, the department dinosaur plans to lure younger clientele with a raft of modern upgrades.
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