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Hudson's Bay Company

Hudson's Bay Company
Retail

Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate

Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.

Retail

Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate

Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.


News & Analysis

Chairman’s Bid for Hudson’s Bay Called ‘Woefully Inadequate,' By Activist Investor

The New York hedge fund, run by Jonathan Litt, came out swinging Tuesday against the C$9.45-a-share bid announced last week for the remaining stock of Hudson’s Bay.

News & Analysis

Chairman’s Bid for Hudson’s Bay Called ‘Woefully Inadequate,' By Activist Investor

The New York hedge fund, run by Jonathan Litt, came out swinging Tuesday against the C$9.45-a-share bid announced last week for the remaining stock of Hudson’s Bay.


Retail

Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'

The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.

Retail

Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'

The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.


News & Analysis

Can Going Private Save Hudson’s Bay Company?

Executive Chairman Richard Baker wants to take the owner of Saks Fifth Avenue and Lord & Taylor private. Public or private, the ailing department store operator will need to close stores and endure some short-term losses to survive, industry experts say.

News & Analysis

Can Going Private Save Hudson’s Bay Company?

Executive Chairman Richard Baker wants to take the owner of Saks Fifth Avenue and Lord & Taylor private. Public or private, the ailing department store operator will need to close stores and endure some short-term losses to survive, industry experts say.


Retail

Lord & Taylor Could Be Sold as Hudson's Bay Considers Options

Hudson’s Bay has already closed several Lord & Taylor stores, including the flagship Manhattan location after agreeing to sell the building on Fifth Avenue.

Retail

Lord & Taylor Could Be Sold as Hudson's Bay Considers Options

Hudson’s Bay has already closed several Lord & Taylor stores, including the flagship Manhattan location after agreeing to sell the building on Fifth Avenue.


Luxury

American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?

This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.

Luxury

American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?

This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.


Retail

How American Department Stores Plan to Fight Back in 2019

From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.

Retail

How American Department Stores Plan to Fight Back in 2019

From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.


Financial Markets

Hudson's Bay Chairman to Buy Stake Held by Ontario Pension Fund

Richard Baker's entity Rupert of the Rhine LLC will purchase about 18 million shares at C$9.45 each.

Financial Markets

Hudson's Bay Chairman to Buy Stake Held by Ontario Pension Fund

Richard Baker's entity Rupert of the Rhine LLC will purchase about 18 million shares at C$9.45 each.


Retail

Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay

Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.

Retail

Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay

Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.


Retail

Saks Off 5th Wants in on the Discount Retail Boom

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.

Retail

Saks Off 5th Wants in on the Discount Retail Boom

Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.