Hudsons Bay Company (HBC.CA) Stock News
TSX:HBC - Toronto Stock Exchange -
HBC.CA Latest News, Press Relases and Analysis
Saks Owner Hudson’s Bay Is Selling Junk Bonds for Neiman Deal
Hudson’s Bay Co., the owner of luxury retailer Saks Fifth Avenue Inc., is tapping the junk-bond market to help finance its acquisition of Neiman Marcus Group.
Saks Owner Said Near Deal to Buy Neiman Marcus for $2.65 Billion
The owner of Saks Fifth Avenue is close to an agreement to acquire Neiman Marcus for $2.65 billion, according to a person familiar with the matter.
Target Is Taking Its Popular In-House Apparel Brand Abroad
Target Corp. doesn’t just want to sell its private-label brands to its shoppers. The company is going after customers at other stores, too.
Liquidators Become Shopkeepers to Peddle Pandemic’s Unsold Goods
Hilco Global and Gordon Brothers Group typically come on the scene when it’s time to run going-out-of-business sales and shutter stores. In a sign of just how much the pandemic has turned the retail business on its head, they’ve started opening them.
Saks Off 5th Will Become $1 Billion Standalone Online Business
The owner of Saks Fifth Avenue plans to separate the e-commerce business of its discount chain into a standalone company, the latest move to break up the operations of a brand synonymous with luxury apparel.
NBA Star James Harden Joins Board of Saks Online Business
Saks, newly minted as a standalone e-commerce business that’s separate from the Saks Fifth Avenue department stores, is adding NBA star James Harden to its board.
Credit Cards Are Turning Vertical With Tap-to-Pay Taking Off
Personal Shopping Goes Mainstream, and Luxury Retailers Rejoice
Saks, Neiman Marcus, and Kay Jewelers and are all staffing up for one-on-one customers, whether in-store or online.
Austrian Billionaire Due Big Payout After Real Estate Revaluation
Austrian property billionaire Rene Benko and his outside investors are set for a big payout after his trophy-asset unit revalued assets to double net income.
Billionaire Benko Due Big Payout After Real Estate Revaluation
Austrian property billionaire Rene Benko and his outside investors are set for a big payout after his trophy-asset unit revalued assets to double net income.
J.C. Penney Lenders Plan Takeover After Sales Talks Hit Impasse
J.C. Penney Co.’s lenders plan to take ownership of the retailer after talks with potential outside buyers have so far failed, an attorney for the company said in a bankruptcy court hearing Monday.
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
An upscale Miami-area shopping mall is moving to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March 16 and owes about $1.9 million.
J.C. Penney Lender Group Seeks Higher Bids from Potential Buyers
A group of lenders steering J.C. Penney Co.’s bankruptcy process is asking potential buyers of the retail chain to increase their bids after a round of offers in July were seen as too low, according to people familiar with the matter.
Lord & Taylor, Oldest U.S. Department Store, Goes Bankrupt
Lord & Taylor, known for its upscale fashions and extravagant holiday window displays, sought bankruptcy protection from creditors after a turnaround effort faltered amid the coronavirus pandemic.The oldest U.S. department store filed for Chapter 11 protection in Richmond, Virginia, on Sunday and will submit a reorganization plan with the court. The company, founded in Manhattan by two English immigrants in 1826, said it had about $137.9 million of debt obligations.
Lord & Taylor, Oldest U.S. Department Store, Files Bankruptcy
Lord & Taylor, known for its upscale fashions and extravagant holiday window displays, sought bankruptcy protection from creditors after a turnaround effort faltered amid the coronavirus pandemic.The oldest U.S. department store filed for Chapter 11 protection in Richmond, Virginia, on Sunday. The company, founded in Manhattan by two English immigrants in 1826, listed assets and liabilities of up to $500 million each in its petition. Fashion start-up Le Tote Inc. bought the rights to the com
HBC Completes Privatization Transaction
Hudson’s Bay Company Announces Court Approval of Privatization Transaction
Hudson’s Bay Company Shareholders Approve Privatization Transaction
Saks Parent to Go Private After Shareholders Accept New Offer
Hudson’s Bay Co. shareholders agreed to take the owner of Saks Fifth Avenue private, concluding an eight-month fight that pushed the company’s chairman to sweeten his offer twice.
Austrian Billionaire Raises $270 Million From an Art Nouveau Landmark
Billionaire Rene Benko monetized the signing of a long-term lease on a historical Vienna property by selling 99-year bonds worth almost twice what the building was valued in September.
Leading Proxy Advisory Firms ISS, Glass Lewis and Egan-Jones All Recommend HBC Shareholders Vote “FOR” Privatization Transaction
Paige Thomas Appointed President of Saks OFF 5TH
Hudson’s Bay Chairman Tied Europe Sale to Take-Private Deal
Hudson’s Bay Co. Chairman Richard Baker was in talks about selling the Canadian retailer’s stake in its European business when he started to formulate his own plan to take the owner of Saks Fifth Avenue private, according to a regulatory filing on Friday.
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HBC Board of Directors Receives Updated Valuation and Reaffirms Recommendation that Shareholders Vote FOR Privatization Transaction
Glassman’s Gateway Deal Offers Little Windfall for Catalyst Fund
At first blush, it looks like Newton Glassman, Canada’s distressed debt king, capped a forgettable 2019 with two massive wins.
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Iain Nairn Named President of Hudson’s Bay
Catalyst Enters into Voting and Support Agreement with Hudson's Bay Company and the Continuing Shareholders
Hudson’s Bay Agrees To Be Taken Private at C$11 a Share
Hudson’s Bay Co. entered into an amended pact to take the Canadian retailer private at a price of C$11 a share, after investor Catalyst Capital Group voted in favor of the privatization.
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Hudson’s Bay Company Enters into Amended Agreement to Be Taken Private at $11.00 per Share
IIROC Trade Resumption - HBC
IIROC Trading Halt - HBC
HBC Announces Return of Chief Financial Officer
Hudson’s Bay Company Announces Postponement of Special Meeting of Shareholders
Catalyst Comments on Misrepresentations by Richard Baker and Insiders of Hudson's Bay Company Exposed in OSC Hearings
Hudson’s Bay Investor Group Said to Consider Shelving Takeover
Hudson’s Bay Co. Chairman Richard Baker may scrap an offer to take the struggling retailer private after regulators delayed a vote on the deal following complaints from a minority shareholder.
Hudson’s Bay Bid From Catalyst Gets Boost From Ontario Regulator
Catalyst Capital Group’s proposed offer to buy Hudson’s Bay Co. got a boost after the Ontario Securities Commission agreed to hear Catalyst’s complaint about a competing bid from a group led by the struggling retailer’s chairman.
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