Private equity firm Starwood Capital has made a bid for Saks Fifth Avenue, according to The New York Post and other press accounts.
The retailer is currently a public company.
Other entities reportedly interested in Saks include Qatar Holding, an investment firm linked to the government of Qatar. Qatar Holding is currently the largest investor in Tiffany & Co.
At one point, a private equity firm looked at merging Saks and Neiman Marcus, but that plan was eventually squashed.
Another contender is said to be Hudson Bay, a fund that currently owns Lord & Taylor.
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