HUDSON’S BAY WILL SEPARATE STORES FROM E-COMMERCE
by Brian Lipton
Aug 12, 2021
Helena Foulkes will step down from her role as CEO effective March 13, 2020.
Read MoreThe new take-private bid values the retailer at about C$2 billion ($1.5 billion).
Read MoreCatalyst, which owns 17.5 percent of HBC, is offering $11 Canadian dollars per share, which tops a rival bid led by a shareholder group, including CEO Richard Baker, which owns 57 percent of the common stock.
Read MoreIn 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 MoreHBC 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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