When Saks Fifth Avenue separated its e-commerce business from its physical stores last year, it veered away from an omnichannel strategy, severing its online and brick-and-mortar operations. Subsequently, venture capital firm Insight Partners bought a half-billion-dollar stake in the new digital brand. Now, business media outlets are speculating about a potential public offering and possible $6 billion valuation for the e-commerce spinoff.

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Tompkins Solutions Staff
Tompkins Solutions Staff

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