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In The Bidder's Box For Saks


In Business This Week

IN THE BIDDER'S BOX FOR SAKS

WHO WILL BUY SAKS FIFTH AVENUE? Retail experts say Saks's own chief executive, Philip Miller, is a possible bidder. They say Miller, a seasoned exec who once launched an unsuccessful leveraged buyout offer while at Marshall Field, is a prime candidate to gather investors and make a bid. "I think that's a good possibility," says Kurt Barnard, president of Barnard's Retail Trend Report. Miller declined to comment. Other possible buyers for the store--whose current owners want out--include Neiman Marcus and Midwestern department store chain Proffitt's, say retail industry sources. Both retailers declined comment.EDITED BY KELLEY HOLLAND


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