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Hudson's Bay Company Reportedly Scraps Financing Plan

The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.
Inside the renovated Saks Fifth Avenue flagship completed in 2019 | Source: Mark Abramson/Bloomberg/Getty Images
By
  • Reuters

NEW YORK, United States —

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