Donatella Versace announced Tuesday that she is a new ambassador of Stonewall, the riot in the West Village that signaled the beginning of the gay rights movement, which celebrates its 50th anniversary this Friday.
Hudson's Bay Executive Chairman Richard Baker's $1.3 billion bid to take the department store operator private hinges on whether a valuator will view the company more as a retailer and less as a real estate owner.
Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Hudson’s Bay private as “woefully inadequate”, saying the chairman-led shareholder group looking to push through a deal could double the offer.
Canadian department store operator Hudson’s Bay Co on Thursday posted a wider-than-expected loss and a 3.3% fall in first-quarter revenue as it closed some stores and sales at its Lord & Taylor unit fell.
Hudson’s Bay Co Executive Chairman Richard Baker said on Monday he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a $1.3 billion cash deal.