IAIN NAIRN NAMED PRESIDENT AT HUDSON’S BAY
HUDSON’S BAY SELLS LORD & TAYLOR FOR $100 MILLION
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RETAILER HUDSON’S BAY COMPANY IN TALKS TO GO PRIVATE
In a separate announcement, the Toronto-based retailer said it reached an agreement with Signa Holding to take over the companies’ German real estate and retail joint venture.
Read MoreHUDSON’S BAY COMPANY MULLING SALE OF LORD & TAYLOR
HBC is pursuing strategic alternatives for the Lord + Taylor operating business, including a possible sale or merger, as part of its focus on the company’s greatest opportunities.
Read MoreHUDSON’S BAY REVENUE SLIPS AS SALES FALL AT ALL STORES EXCE...
Overall comparable store sales for the quarter were down 1.4 percent, while they increased 3.9 percent at the company’s Saks Fifth Avenue stores.
Read MoreALISON COVILLE STEPS DOWN AS PRESIDENT OF HUDSON’S BAY
Hudson’s Bay will be led by key executives from the HBC team until a permanent successor is found.
Read MoreHUDSON’S BAY COMPANY FORMS JOINT VENTURE WITH EUROPEAN RETAILER
HBC Europe’s retail operations will merge with SIGNA Retail Holding’s Karstadt Warenhaus, with HBC taking a 49.99 percent interest in the combined businesses.
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