Hudson's Bay Sells $533M Stake in Spinoff JV

Hudson's Bay has sold $533M of its equity in HBS Global Properties, a real estate JV with Simon Property Group, at a $4.5B valuation.

Activist Investor Unhappy With Hudson's Bay's WeWork Play

Activist investor Land & Buildings Investment Management has taken issue with the sale and claims it is dilutive to common stock shareholders

Iconic Hudson's Bay Stores Shutter For 2 Weeks

Hudson’s Bay’s decision to shutter its stores for two weeks comes at a particularly volatile time for Canada’s oldest retailer.

Hudson's Bay Co. Launches Real Estate Arm To Break Into Mixed-Use Development

The venerable retailer Hudson's Bay Co. will look to revamp the real estate it owns into mixed-use with the formation of HBC Properties & Investments.

Hudson’s Bay, Private Equity Investor To Compete For Kohl’s At $9B Valuation

Two investors are planning separate bids to acquire the department store chain.

Hudson’s Bay To Move Quickly And Spin Real Estate Holdings Into A Public REIT

This Canadian retailer is rushing to throw its real estate into a public REIT.

Canadian Competitor Hudson’s Bay Is Thinking About Buying Neiman Marcus

Toronto-based Hudson's Bay is in talks to buy struggling Neiman Marcus.

Saks Fifth Avenue E-Commerce Business Mulling $6B IPO Months After Hudson's Bay Spun It Off

Mere months after Saks Fifth Avenue's e-commerce arm struck out on its own at a $2B valuation, the company is reportedly considering an IPO worth $6B.

Convene Gets Capital Infusion, Takes Over SaksWorks Coworking Operations For Hudson's Bay

HBC plans to rebrand its SaksWorks locations as Convene going forward.

Saks Fifth Avenue Flagship's Value Has Fallen 60% in 5 Years

The building was valued at $3.7B in 2014, but was recently appraised at less than half that.