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• Hudson’s Bay Company, which owns Saks Fifth Avenue and Lord & Taylor, announced yesterday that it has hired Helena Foulkes, the president of CVS’s pharmacy division, to be its new CEO.

The New York Times writes that “at CVS, Ms. Foulkes ran the company’s network of 9,700 retail stores and was credited with building its online prescription refill business … Hudson’s Bay operates a much smaller brick-and-mortar network with about 480 stores, including some buildings - like the flagship Saks Fifth Avenue headquarters in Manhattan - that are highly valuable.”
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