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Hudson's Bay Co approaches struggling Macy's about potential takeover

Tuesday, February 7, 2017 - 05:50

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Talks between Macy's and Hudson's Bay Company, the Canadian owner of Saks, are at an early stage and may still fall apart or lead to a partnership of some kind rather than a sale. A combination could lift the fortunes of Macy's, the biggest department store in the US.

New York

THE Macy's of today grew from the union of several great names in US retailing, including its namesake chain, Bloomingdale's and Marshall Field's.

But the ambitious owner of Saks Fifth Avenue has broached the idea of taking the union further, combining with Macy's to

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