Post #687907 by christiki295 on Mon, Jul 29, 2013 10:40 PM

On 2013-07-29 12:18, Pittsburgh pauly wrote:
I wonder if this will have any effect:
Hudson’s Bay to Buy Luxury Retailer Saks for $2.4 Billion
http://www.bloomberg.com/news/2013-07-29/hudson-s-bay-to-acquire-saks-for-2-9-billion-including-debt.html
Here's hoping the new owners pull out and the deal unravels.

Unfortunately, I think Hudson Bay's purchase of Saks and desire to place the upscale retailer in a redeveloped IMP increases, not decreases, the probability of the development because Saks can be an anchor tenant, with a lot of square footage and a long-term lease, which will draw other retailers as the only Saks in Hawaii.

http://www.bizjournals.com/pacific/blog/morning_call/2013/06/owner-of-lord-taylor-interested-in.html