PLANO, United States — J.C. Penney said Wednesday that Saks Chairman and CEO Stephen Sadove is joining its board of directors. The department store operator also said that board member Geraldine B. Laybourne is leaving her post so that she can focus more on her role as chairman of technology company Kandu.
NEW YORK, United States — Saks Inc. says two of its top executives will leave the company once its sale to Hudson's Bay Co. is complete. The luxury retailer said in July that it would be acquired by Hudson's, the Canadian parent of retailer Lord & Taylor, for about $2.24 billion.
Why e-commerce IPOs will soon be the smarter buy (Venture Beat) “In Silicon Valley, market-watchers are looking to digital media in its many forms — social networks, tablet apps, user-generated content — to revive the IPO market… But there’s a smarter bet for investors: e-commerce.” Pringle of Scotland: painting by jumpers (Telegraph) “To celebrate Pringle’s 195th birthday, it has partnered with the