Saks houses a leased Penhaligon's in its New York flagship store. In its markets, Saks Fifth Avenue will be the exclusive point of distribution for Penhaligon's-branded products, along with the free-standing Penhaligon's stores, the Birmingham, AL-based retailer says in a prepared statement.

The transition is over an unspecified number of years. Cradle Holdings Inc. is Penhaligon's parent.

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