Mexico’s Slim Boosts His Stake in Saks

An affiliate of Carlos Slim Helu, the wealthiest investor in Mexico, last month purchased 578,000 shares in Saks Inc., whose price has fallen as much as 52% since Sept. 11.

Orient Star Holdings, a limited liability company controlled by the billionaire Slim and his family, bought the stock from Oct. 2 to Oct. 31 for $5.22 to $6.81, according to a filing with the Securities and Exchange Commission. Orient Star is the second-largest Saks shareholder.

Shares of Birmingham, Ala.-based Saks gained 46 cents to $7.40 on the NYSE.