High-end luxury brand for women, “Saks” is all set to open its doors to the citizens of Canada for the first time. “Saks”, a highly popular designer brand with a wide range of products is owned by the parent company, “Hudson’s Bay Company”. Hudson’s Bay Company opens its first ever store in Canada today at downtown Toronto. The parent company has further plans to open several other stores in the country, with the second store all set to open in the next week on February 25 at Sherway Gardens.
The new store occupies around 1, 65,000 sq.ft at Hudson’s Bay Co.’s flagship store Queen St. store. The new store drew hordes of onlookers who were all set to have a peek into the brand new store. The company went all the way to woo shoppers with a live band of classical musicians and waiters serving hors d’oeuvres and sparkling champagne. The new store is expected to increase the share price of Hudson’s Bay Co. which has recently seen a drastic fall of forty-five percent.