|Marina Strauss [Image Source]|
Needless to say, we think the article deserves a look and we encourage you to click here to see it. For those interested in the future of Saks Fifth Avenue in Canada and how the deal came about, the article is captivating. Ms. Strauss starts by revealing that Richard Baker intends on opening the world's second-largest Saks Fifth Avenue store at Toronto's Yonge and Bloor Street intersection, replacing a current Hudson's Bay store.
Ms. Strauss went above and beyond, travelling with Mr. Baker on his private jet to New York to learn more about the deal as well as Baker's work and family life. Details of a failed Bloomingdale's deal are provided before it is revealed that Baker really wanted to buy Saks Fifth Avenue all along.
Ms. Strauss further interviewed the 'competition' including Holt Renfrew President Mark Derbyshire. She also interviewed various suppliers and retail experts. She then provided excellent analysis of her research, outlining increased competition in Canadian luxury retail now that Saks and Nordstrom will open here.
Thank you, Marina Strauss, for this and other excellent retail reporting over the past year. We look forward to more outstanding journalism in 2014.
[Marina Strauss on Twitter]
[Meet the man trying to shake up luxury retail in Canada: Globe & Mail Report on Business Magazine, November 27th 2013, by Marina Strauss]