Saks Incorporated Announces Saks Fifth Avenue's Planned Expansion into Mexico; Store to Open in the Santa Fe Shopping Center in Mexico City in September 2007.

Business Wire | September 19, 2006 | Copyright

NEW YORK -- Retailer Saks Incorporated (NYSE: SKS) (the "Company") today announced its plans to further expand its international presence by opening its first Saks Fifth Avenue store in Mexico.

The Company has entered into a license agreement with Operadora de Tiendas Internacionales S.A. de C.V., a wholly owned affiliate of Grupo Sanborns S.A. de C.V. ("Grupo Sanborns") to locate and develop appropriate sites for potential Saks Fifth Avenue stores in Mexico. Grupo Sanborns will own and operate the stores under the license agreement with Saks Fifth Avenue.

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