Hudson’s Bay Expanding in Germany

Hudson’s Bay Co. (Toronto) has announced it will be expanding throughout Europe. The company has plans to spend $1.5 billion in building its business throughout the continent over the next seven years.

The first phase of expansion will take place in Germany, where the company expects to open 40 Saks Off 5th discount stores beginning in 2017, reports Winnipeg Free Press. The first of those stores are set to open in locations the company already owns.