HUDSON’S BAY SELLS LORD & TAYLOR FOR $100 MILLION
by Stephen Garner
Aug 28, 2019
Hudson’s Bay will be led by key executives from the HBC team until a permanent successor is found.
Read MoreThis move is part of the company’s strategic plan to reduce costs, simplify the business, and improve overall profitability.
Read MoreFollowing the transaction, Baker and his partners would own about 66 percent of the shares outstanding.
Read MoreThe 11-story building has been sold to the WeWork space-leasing company for more than $850 million.
Read MoreThe charitable arm of Hudson’s Bay Company will award a $300,000 grant to benefit The Jed Foundation as part of a $6 million commitment to mental health initiatives across North America by 2020.
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