This week, a Munich-based payments association warned that there is a looming risk to the availability of payment cards caused by the global chip shortage — including in Canada.
Near the end of February 2020, Richard Baker was finally able to declare victory in a bruising battle to take the storied Hudson’s Bay department store chain private.
In March it turned Saks Fifth Avenue’s online operations into a standalone entity valued at US$2 billion after selling a 25-per-cent stake to a New York private equity shop.
“Saks Off 5th is now a billion-dollar native digital luxury off-price company that year-to-date is up over 100 per cent to the same period in 2019 and similar in 2020.
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