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Hudson, one of the largest travel retailers in North America, is a wholly owned subsidiary of international travel retailer Dufry AG of Basel.Based in East Rutherford, New Jersey, United States, the company operates more than 970 Hudson, Hudson News, Hudson Booksellers, cafes, specialty retail and duty-free shops in 87 airports and transportation terminals in the United States and Canada.
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This was a separate subsidiary from Hudson News Distributors also owned by the Cohen family. In 2008, private equity firm Advent International acquired the Hudson Group the retail operation, and merged Swiss duty-free retailer Dufry of Basel, Switzerland with the Hudson Group. Under the terms, Hudson Group became a wholly-owned subsidiary of Dufry.
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[4] The La Guardia location became the model for future Hudson News locations. [2] Robert Cohen's son, James Cohen, succeeded his father as the president of the Hudson Group, which operates Hudson News. [2] In 2008, Robert Cohen sold his majority stake in Hudson News to Dufry of Switzerland, one of the largest operators of duty-free stores in ...
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Saks, Inc. was an American holding company founded in 1998 through the merger of Proffitts, Inc. and Saks Fifth Avenue. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of numerous regional department store chains including Carson's, McRae's, Parisian, and Proffitt's as well as the New York City-based Saks Fifth Avenue.