Hudson's Bay could face investor pressure to monetize a portion of its $10 billion-plus global real estate portfolio, amid skepticism that restructuring plans will be insufficient to battle a tough real estate market.
The Canadian department store operator said on Friday it would streamline its structure across its various store chains to compete in what it called a "brutal" retail environment, while its shares plunged to record lows.
Brown's partnership with Lord & Taylor marks her first major partnership since her departure from Bobbi Brown Cosmetics in December. The justBOBBI concept shops are located at select stores and online.
Canadian department store operator Hudson's Bay Co said on Friday it planned to invest around 400 million euros ($425 million) in Europe this year in a bid to grow its sales there by 20 percent over the next two years.
The Canadian department store operator said it was looking at a "major reinvention" of its business operations and gave its strongest signal yet of a possible initial public offering of its real estate assets.