The famous American luxury fashion chain, Saks Fifth Avenue, is leaving Mexico after the decision of Grupo Sanborns not to renew the contract with the company that owns the brand originally from New York.
According to Forbes magazine, Sanborns informed employees that the store located in Santa Fe will close in October of this year.
Likewise, they were informed that they will not lose their jobs, since a Sears store will open instead, replacing the New York brand.
Carlos Slim's company decided not to renew the contract for the use of the . . .
