WSJ News Exclusive | Saks E-Commerce Unit Begins IPO Preparations

Saks Fifth Avenue's e-commerce business is planing to go public at a valuation of around $6 billion, people familiar with the matter said

The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly triple what it was pegged at earlier this year, in a sign of the boom times for online department-store sales.

Saks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion, people familiar with the matter said. It was last valued

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