The e-commerce business of Saks Fifth Avenue's discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B (Adam Jackson/Bloomberg)

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Adam Jackson / Bloomberg:
The e-commerce business of Saks Fifth Avenue's discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B  —  - New entity aims to capitalize on online shopping boom  —  The owner of Saks Fifth Avenue plans to separate the e-commerce business …

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