
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.
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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.
Canadian department store operator Hudson’s Bay Co reported a wider second-quarter loss on Thursday, hurt by several shuttered stores, heavy discounting and declining sales at the retailer’s namesake brand.
Premium outlet chain Saks Off 5th is reportedly set to leave the German market just two years after its launch. All eight stores, which sell premium fashion at discounted prices, are due to close in the summer.
Mega-retailer QVC has announced the launch of its first ever private label cosmetics brand, Carmindy Beauty, made in collaboration with Batallure Beauty and makeup artist Carmindy.
Saks Off 5th has launched its own private-label beauty line, Fifth City, offering a debut collection of 35 products from brushes and highlighter sticks to ribbon hair ties.
The president of Hudson’s Bay and Home Outfitters is stepping down. Parent company HBC announced on Tuesday that Alison Coville will leave her duties as of March 1st, 2019.
Canadian department store operator Hudson’s Bay Co said on Wednesday its second-quarter loss widened due to lower sales at its Lord & Taylor and Saks Off 5th divisions.