The e-commerce business of Saks Fifth Avenue’s discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B (Adam Jackson/Bloomberg)

tech (Last Updated On: June 22, 2022)

 Adam Jackson / Bloomberg:

The e-commerce business of Saks Fifth Avenue’s discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B  —  – New entity aims to capitalize on online shopping boom  —  The owner of Saks Fifth Avenue plans to separate the e-commerce business …

Source: Technology – Techmeme

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