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Vera Bradley, Inc. Message Board

  • jemfad jemfad Oct 31, 2013 12:38 PM Flag

    WWD article

    There was in interest article in Women's Wear Daily about Saks executive departures....anyone see it?

    Sentiment: Hold

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    • You are a genius. I can't believe VRA announced the news so late. Apparently, VRA went up more than 5% was because of this WWD news.

    • Level playing field:

      Saks Sees Executive Exodus as Shareholders Approve Deal

      NEW YORK — Hudson’s Bay Co.’s $2.9 billion takeover of Saks Inc. is set to close Monday and already personnel changes are sweeping through the retailer.

      Saks shareholders signed off on the deal at a special meeting at the University Club here and the luxe retailer is expected to disclose several senior-level departures later today. Among those expected to be leaving is Robert Wallstrom, executive vice president of the corporation and president of Saks Off-5th, who sources said will become chief executive officer of Vera Bradley, the $540 million multi-channel company selling colorful accessories, handbags, luggage, eyewear, travel items and gifts. Before running Off-5th, Wallstrom managed the Saks Fifth Avenue Manhattan flagship.

      Sentiment: Hold

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