Executive departures to follow HBC's Saks purchase

10/30/2013 | Women's Wear Daily (subscription required)

Hudson's Bay Co. will likely close on its $2.9 billion acquisition of luxury department store Saks on Monday, and several Saks executives announced plans to follow departing CEO Stephen Sadove, who will leave his position on Friday. Saks Off 5th President Robert Wallstrom will become CEO of Vera Bradley, and seven other senior and executive vice presidents also announced that they will leave their positions.

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