Saks to open first outlet stores in India

Saks Fifth Avenue

Saks Fifth Avenue has partnered with Aditya Birla Group to open outlet stores in India. In cooperation with the Indian franchisee, parent company Hudson's Bay Co. is in discussions to lease 100,000 square feet in Worldmark 2 shopping center in New Delhi. The group is also scouting out space in Mumbai for the city's second Saks department store. Depending on negotiations, the outlet store is set to open at the end of 2017 or in early 2018. (Economic Times)