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Richard Baker

Former Executive Chairman, Saks Global

A veteran retailer and savvy businessman since high school, Baker led the highly anticipated acquisition of Neiman Marcus Group and established Saks Global.

Richard Baker
Luxury

Hudson's Bay to Shut Lord & Taylor Flagship

The department store chain said it would sell up to 10 Lord & Taylor stores after reporting a quarterly loss of $308.5 million.

Luxury

Hudson's Bay to Shut Lord & Taylor Flagship

The department store chain said it would sell up to 10 Lord & Taylor stores after reporting a quarterly loss of $308.5 million.


Retail

Hudson's Bay Seeks to Revive Lord & Taylor's Fortunes

Once the cornerstone of its retail empire, Lord & Taylor's department stores are now increasingly struggling to distinguish themselves from competitors.

Retail

Hudson's Bay Seeks to Revive Lord & Taylor's Fortunes

Once the cornerstone of its retail empire, Lord & Taylor's department stores are now increasingly struggling to distinguish themselves from competitors.


Financial Markets

Hudson’s Bay Unable to End Sales Slide

Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.

Financial Markets

Hudson’s Bay Unable to End Sales Slide

Shares of Hudson's Bay fell after the owner of the Saks Fifth Avenue and Lord & Taylor department stores missed earnings estimates.


Workplace & Talent

Power Moves | Gabriele Hackworthy Joins Jimmy Choo, Valentino Hires CMO

This week, Jimmy Choo taps Net-a-Porter's Gabriele Hackworthy for a new SVP global brand marketing and communications role, while Valentino hires Isabelle Harvie-Watt as its chief marketing officer.

Workplace & Talent

Power Moves | Gabriele Hackworthy Joins Jimmy Choo, Valentino Hires CMO

This week, Jimmy Choo taps Net-a-Porter's Gabriele Hackworthy for a new SVP global brand marketing and communications role, while Valentino hires Isabelle Harvie-Watt as its chief marketing officer.


Financial Markets

Hudson's Bay Investors Urge Debt Reduction

The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.

Financial Markets

Hudson's Bay Investors Urge Debt Reduction

The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.


Retail

Hudson's Bay Gets 'Unsolicited' Offer for Galeria Kaufhof

HBC reported Karstadt owner Signa has put in an "an incomplete, non-binding and unsolicited offer" to buy its main European asset, German department-store chain Galeria Kaufhof.

Retail

Hudson's Bay Gets 'Unsolicited' Offer for Galeria Kaufhof

HBC reported Karstadt owner Signa has put in an "an incomplete, non-binding and unsolicited offer" to buy its main European asset, German department-store chain Galeria Kaufhof.


News & Analysis

Hudson's Bay Exploring Sale of Downtown Vancouver Store

The news follows HBC's agreement last week to sell its Lord & Taylor flagship building for $850 million, as the department-store operator steps up efforts to extract value from its real estate holdings amid struggling sales.

News & Analysis

Hudson's Bay Exploring Sale of Downtown Vancouver Store

The news follows HBC's agreement last week to sell its Lord & Taylor flagship building for $850 million, as the department-store operator steps up efforts to extract value from its real estate holdings amid struggling sales.


News & Analysis

Gucci's Surge and the Power of a Responsive Supply Chain

This week, Kering announced Gucci’s new production strategy, taking a step towards enhanced vertical integration and reduced lead time in a fashion world where supply chain is becoming as important as design.

News & Analysis

Gucci's Surge and the Power of a Responsive Supply Chain

This week, Kering announced Gucci’s new production strategy, taking a step towards enhanced vertical integration and reduced lead time in a fashion world where supply chain is becoming as important as design.


Workplace & Talent

Power Moves | Marcolin Group Names Executive Vice Chairman, Revlon COO Exits

This week, eyewear company Marcolin Group promotes chief executive Giovanni Zoppas, while Revlon’s chief operating officer Gianni Pieraccioni exits the business.

Workplace & Talent

Power Moves | Marcolin Group Names Executive Vice Chairman, Revlon COO Exits

This week, eyewear company Marcolin Group promotes chief executive Giovanni Zoppas, while Revlon’s chief operating officer Gianni Pieraccioni exits the business.


Retail

Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move

The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'

Retail

Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move

The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'


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