Saks Fifth Avenue, Coach and Kate Spade partner Tulip raised $40 million in funding led by Kleiner Perkins. The mobile app provider plans to put its funding towards international expansion and innovation.
Hudson’s Bay Co, owner of the Saks Fifth Avenue and Lord & Taylor retail chains, plans to review its options including going private following pressure from an activist shareholder, people familiar with the matter said.
Hudson's Bay will open its first store in the Netherlands on September 5 instead of September 19 as originally planned. The range will be younger and more fashion forward than that of its sister retailer Galeria Kaufhof.