Hudson Bay’s wholly-owned subsidiary Saks Fifth Avenue has recently announced plans to open a full-line Saks store in the heart of downtown Toronto at the Hudson’s Bay flagship store at Queen Street and Yonge Street. The approximately 1,50,000 sq. feet, multi-level Saks is planned to open in the fall of 2015 and will be located within the current Hudson’s Bay store. “We’re very pleased to announce this agreement with Cadillac Fairview, which clearly demonstrates the tremendous value of our dynamic real estate portfolio,” stated Richard Baker, HBC’s Governor and Chief Executive Officer.
