Hudson's Bay, parent company of online fashion retailer Saks.com, is looking to spin off the luxury clothing site into a public company in the next 12 months, sources close to the deal have said.
No details are available yet, but we will update this page as information emerges.
Saks.com, the online home of fashion retailer Saks Fifth Avenue, could be going public soon. The dot-com's parent company, Hudson's Bay, is in talks to conduct a private placement, which could put Saks in a position to conduct an IPO. Hudson's Bay is looking to spin off Saks into a public company in the next year or so, sources say.
Saks.com's annual sales total around $1 billion.
Once Saks.com goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Saks.com stock.
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