fashion-scoops
fashion-scoops

Carlos Slim's Shrinking Saks Inc. Stake

The Mexican billionaire is inching closer to ceding his position as the retailer’s top shareholder.

SLIM’S SHRINKING SAKS STAKE: Carlos Slim Helú is inching closer to ceding his position as Saks Inc.’s top shareholder. The Mexican billionaire sold a total of 550,000 shares at prices that range from $11.66 to $11.87 in a series of trades Aug. 29 and 30, according to filings with the Securities and Exchange Commission. That left him with 23.4 million shares — a hair above the 22.7 million shares controlled by Diego Della Valle, Tod’s SpA chairman and chief executive officer. Since Aug. 20, Slim has sold off 3.2 million Saks shares.

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.
News from WWD
Newsletters

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

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false