Saks Fifth Avenue debuts in Mexico

NEW YORK Saks announced Wednesday that it has opened its first Saks Fifth Avenue store in Mexico in the Santa Fe Shopping Center in Mexico City.

The Mexico City Saks Fifth Avenue store, according to the company, includes similar luxury items, such as shoes and jewelry, as the company's U.S. stores, as well as in-store amenities such as restaurants, luxury fitting rooms, and the Fifth Avenue Club, its complementary personal shopping service.

Saks entered into a license agreement with Operadora de Tiendas Internacionales, a wholly owned affiliate of Grupo Sanborns, to locate and develop appropriate sites for potential Saks Fifth Avenue stores in Mexico. Grupo Sanborns will own and operate the stores under the license agreement with Saks Fifth Avenue. The Santa Fe store is the first location to open under the agreement.

Stephen Sadove, chairman and ceo of Saks, commented, “We are so excited to bring Saks Fifth Avenue to Mexico City. This wonderful city, and the Santa Fe Shopping Center in particular, is a great shopping and tourist hub. We have worked closely with Grupo Sanborns to deliver a unique, world-class selection of luxury brands and experiences to the residents of and visitors to Mexico City, and I hope that they will be pleased with our offerings.