Pursuits
Starwood Capital Said to Join Bidding for Saks Chain
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Starwood Capital Group LLC, the investment firm led by Barry Sternlicht, has joined the bidding for the Saks Inc. luxury department-store chain, according to a person familiar with the matter.
The person, who asked not to be identified because the talks are confidential, didn’t disclose the value of the offer by the Greenwich, Connecticut-based firm.