Hudson's Bay Company

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Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 

Hudson's Bay CEO Foulkes resigns as company goes private Hannah Abdulla | 4 Mar 20

The CEO of Hudson's Bay Company (HBC) Helena Foulkes is to step down from her post as the Canadian retailer completes its deal to go private. 

Hudson's Bay secures court approval on privatisation deal Beth Wright | 2 Mar 20

Canadian retailer Hudson's Bay Company (HBC) has received the green light from the Ontario Superior Court of Justice on a deal to take the company private.

Hudson's Bay Co names Nairn as president Michelle Russell | 14 Jan 20

Canadian department store retailer Hudson's Bay has appointed Iain Nairn, former CEO of Australian retailer David Jones, as its new president.

Hudson's Bay Co. reaches takeover deal Hannah Abdulla | 6 Jan 20

Following a lengthy acquisition battle, Canadian retail chain Hudson's Bay Co. (HBC) has accepted a bid for the company to be taken private at C$11 per share.

Catalyst Capital makes third offer for Hudson's Bay Co Michelle Russell | 28 Nov 19

Canadian retailer Hudson's Bay Company (HBC) has received a third – and higher – offer from Catalyst Capital Group to acquire the company.

Hudson's Bay completes sale of Lord & Taylor to Le Tote Beth Wright | 11 Nov 19

Canadian retailer Hudson's Bay Company (HBC) has completed the sale of its Lord & Taylor banner to fashion rental subscription service startup Le Tote for US$100m.

Hudson's Bay Company to be taken private Beth Wright | 22 Oct 19

Canadian retailer Hudson's Bay Company (HBC) has entered into a definitive agreement with a group of HBC shareholders to take the company private at a price of CAD10.30 per share in cash.

Hudson's Bay investor slams privatisation offer Hannah Abdulla | 3 Oct 19

Another of Canadian retailer Hudson's Bay Company (HBC)'s investors has slammed chairman Richard Baker's CAD1.74bn offer to take the company private.

Hudson's Bay to cease Netherlands operations Beth Wright | 23 Sep 19

Hudson's Bay Company (HBC) is to close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands before the end of the year.

Hudson's Bay widens Q2 net loss amid sales slump Beth Wright | 13 Sep 19

Hudson's Bay Company CEO Helena Foulkes says the Canadian retail group is "still in the early stages of what HBC can become" after reporting weak sales and a drop in gross margins during the second quarter.

Lord & Taylor to be sold to fashion rental firm Le Tote for $100m Beth Wright | 29 Aug 19

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its Lord & Taylor banner for US$100m to clothing rental startup Le Tote.

Catalyst adds extra 10% stake in Hudson's Bay Company Beth Wright | 21 Aug 19

Private equity firm Catalyst Capital is to acquire 10.05% of the outstanding stock in Hudson's Bay Company (HBC) for CAD187m in a move that could block a deal to take the Canadian retailer private by its executive chairman.

Catalyst Capital Group ups HBC share offer Beth Wright | 7 Aug 19

Stakeholders in Hudson's Bay Company (HBC) have received an improved offer from Catalyst Capital Group – with the private equity firm now seeking to purchase up to CAD200m worth of shares in the Canadian retailer.

Catalyst Capital Group in HBC share offer Beth Wright | 26 Jul 19

Canadian retailer Hudson's Bay Company (HBC) shareholders have received an offer from private equity firm Catalyst Capital Group to purchase up to CAD150m worth of shares in the firm.

Hudson's Bay optimistic despite Q1 sales slip Beth Wright | 17 Jun 19

Hudson's Bay Company (HBC) CEO Helena Foulkes has hailed progress on a "number of crucial fronts" despite a drop in first-quarter sales. 

HBC sells European joint venture and mulls take-private bid Beth Wright | 12 Jun 19

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its remaining European real estate and divest the related retail joint (JV) for CAD1.5bn (US$1.13bn) amid the news a group of its shareholders wants to take the company private.

Hudson's Bay optimistic despite fourth-quarter sales slip Beth Wright | 4 Apr 19

Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far stronger" than it was a year ago despite a drop in fourth-quarter sales.

Hudson's Bay optimistic despite widening Q3 loss Beth Wright | 6 Dec 18

Hudson's Bay Company (HBC) has widened its loss in the third quarter but the Canadian retailer remains optimistic as the recent closing of its European transaction lding will now allow it to concentrate on the North American business.

HBC completes Galeria Kaufhof and Karstadt merger Beth Wright | 3 Dec 18

Canadian retailer Hudson's Bay Company (HBC) and retail estate business Signa Holding have announced the successful completion of a deal to merge their respective retail operations and the formation of the companies’ real estate joint venture.

Galeria Kaufhof and Karstadt merger approved Beth Wright | 13 Nov 18

Canadian retailer Hudson's Bay Company (HBC) and retail estate business Signa Holding have received the go-ahead to merge their respective HBC Europe and Karstadt Warenhaus GmbH’s retail operations.

US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.

German giants Galeria Kaufhof and Karstadt to merge Michelle Russell | 11 Sep 18

The owners of two of Europe's leading department store retailers, Galeria Kaufhof and Karstadt, have agreed to merge the two chains in a bid to compete more effectively against e-commerce players.

HBC to add tier-2 suppliers to social compliance code Michelle Russell | 31 Aug 18

Canadian retailer Hudson's Bay Company (HBC) says it is actively exploring ways to include second-tier suppliers in its social compliance programme by assessing its existing supply chain.

Hudson's Bay in JV talks with Signa Holding Beth Wright | 9 Jul 18

Canadian retailer Hudson's Bay Company (HBC) has confirmed it is in talks with retail estate business Signa Holding regarding a potential joint venture (JV) but denied it has signed an agreement to offload half of its European business or properties.

HBC to sell Gilt and shutter stores as Q1 loss widens Beth Wright | 6 Jun 18

Hudson's Bay Company (HBC) has widened its loss in the first quarter amid an announcement by the Canadian retailer that it is to offload its online shopping and lifestyle website Gilt and shutter up to ten of its Lord & Taylor stores – including its flagship on New York's Fifth Avenue.

Hudson's Bay "not pleased" with performance Beth Wright | 29 Mar 18

Canadian retailer Hudson's Bay Company (HBC) moved to a profit in the fourth quarter, thanks to a tax gain boost to the tune of CAD181m (US$140.1m), but said it is "not pleased" with its recent performance and is determined to grow sales and increase margins in the year ahead.

US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.

Hudson's Bay Co net losses almost double in Q3 Beth Wright | 6 Dec 17

Canadian retailer Hudson's Bay Company (HBC) says it knows it can do better after posting results that failed to meet expectations in the third quarter.

Walmart to launch Lord & Taylor flagship online store Beth Wright | 14 Nov 17

As part of its plans to deliver luxury fashion, US retail giant Walmart is to launch a dedicated online Lord & Taylor flagship store next year, offering premium fashion brands to its customers.





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