
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
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Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
As the Canadian retailer announced that it has completed its privatization transaction, it was also revealed that CEO Helena Foulkes will be stepping down, to be replaced by executive chairman Richard Baker.
Following months of negotiations, Hudson’s Bay Company shareholders voted overwhelmingly in favor of a deal to take the Canadian company private at a special meeting held on Thursday.
Three leading proxy advisory firms have recommended that HBC shareholders vote in favour of the deal that would see a group led by the company’s executive chairman, Richard Baker, take the retailer private.
Hudson’s Bay Company announced on Monday that it has appointed Nordstrom and Kohl’s vet Paige Thomas as the new president of its off-price Saks Off 5th business.
The department store operator has announced the postponement of a special meeting of shareholders involving a vote on the proposal to take the company private, raising questions about whether the deal will go ahead.
The Toronto-based owner of Saks Fifth Avenue announced on Friday that it has closed the sale of its Lord + Taylor brand to fashion subscription service Le Tote for $100 million.
The Canadian owner of Saks Fifth Avenue announced on Monday that, following an extensive review process, it has entered into a definitive agreement with a group of shareholders to take the company private.
The retail chain announced on Tuesday that it has completed the sale of its remaining European real estate and joint ventures to Signa Retail, as the company seeks to focus its attention on its North American operations.
The NYC-based fashion footwear company announced on Monday that it has appointed the Hudson’s Bay alum to the newly created role of group president of retail, accessories and licensing.