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prada boston about 150.2 million outstanding shares.Saks will continue to run as a separate company under Hudson's Bay and will have its own merchandising, marketing and store operations employees. Key management personnel are expected to remain with the company. But it wasn't clear whether Sadove would be staying on.Hudson's Bay to buy Saks Fifth Avenue forNEW YORK Don't let the global economy fool you: Luxury is hardly dead.Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.Lord Taylor and Hudson's Bay, Canada's biggest department store chain, both cater to well heeled shoppers who can afford $98 Free People blouses and $250 Coach handbags. Saks customers, on the other hand, are more affluent and can shell out $800 for Christian Louboutin heels or a couple of thousand dollars for Gucci handbags.During a conference call with investors Monday, Hudson's Bay Co. chairman and CEO Richard Baker said the goal is to bring Saks into Canada. The company plans to open seven Saks Fifth Avenue stores and 25 Off Fifth outlets in Canada and create a Saks website targeted to Canadians. The company also plans to renovate Saks stores and to make the brand more "luxurious."Hudson's Bay to bring new retailers to CanadaHudson's Bay to bring new retailers to CanadaTORONTO The chief executive of Hudson's Bay Co. outlined Thursday his vision to transform the classic department store model by bringing a host of new retail brands and stores to this country, and fanned rumours of a possible deal with Japanese fashion giant Uniqlo.Target finds Canada's retail scene tougher than it looksTarget, not surprisingly, was the brand on every rival retail executive's lips at a downtown conference. What was surprising was the Minneapolis based mass merchant's take on the Canadian retail scene: a lot tougher and more competitive than it would initially appear to be, particularly in the grocery category."Every day we are dreaming about what exciting brands we can bring to Canada there are lot of them and we fully intend to do it," Richard Baker said in an interview after the