The e-commerce business of Saks Fifth Avenue’s discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B (Adam Jackson/Bloomberg)

Adam Jackson / Bloomberg:
The e-commerce business of Saks Fifth Avenue’s discount chain spun off into a standalone company after raising $200M from Insight Partners at a valuation of $1B  —  – New entity aims to capitalize on online shopping boom  —  The owner of Saks Fifth Avenue plans to separate the e-commerce business …