Women’s Wear Daily
04.17.2014
fashion-scoops
fashion-scoops

Carlos Slim Continues to Trim Stake in Saks Inc.

The trust controlled by the Mexican billionaire's family sold off another 705,000 shares of the luxe retailer on Wednesday and Thursday.

fashion-scoops/news

SLIMMING DOWN AT SAKS: Mexican billionaire Carlos Slim Helú continues to cut his stake in Saks Inc. According to regulatory filings late Friday, Inmobiliaria Carso SA, a trust controlled by Slim’s family, sold off another 705,000 shares of the luxe retailer on Wednesday and Thursday, at prices ranging from $11.60 to $11.91. Those stock sales come on top of the 1.5 million shares the fund sold off earlier in the week. Slim continues to hold 24.3 million shares of Saks, keeping him ahead of Diego Della Valle, Tod’s SpA chairman and chief executive officer, who owns 22.7 million shares, or 15 percent of the retailer.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or