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Company News
Dec 11, 2019
HBC Recommends Shareholders Vote “FOR” the Transaction Agreement Shareholders are encouraged to vote before the proxy voting deadline of 10:00 am ET on December 13, 2019 TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 11, 2019-- Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today announced
Dec 10, 2019
Revenues totaled $1.8 billion , with comparable sales down 1.7% including a 15% year-over-year increase in digital sales Gross profit margin was 38.3%, down 120 basis points year-over-year; Adjusted for liquidating stores, gross margin rate was unchanged year-over-year Fourth consecutive quarter of
Dec 09, 2019
Deadline to Vote by Proxy on Friday, December 13, 2019 TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 9, 2019-- Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today mailed an informational brochure to remind all shareholders to vote FOR the transaction in which HBC will become a private
Dec 09, 2019
ISS Analysis Fundamentally Flawed on Multiple Points Special Committee Recommends Shareholders Vote “FOR” the Arrangement Resolution Deadline to Vote by Proxy is Friday, December 13, 2019 TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 9, 2019-- The Special Committee of the Board of Directors of
Dec 06, 2019
TORONTO & NEW YORK--( BUSINESS WIRE )--The Special Committee of the Board of Directors of Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”) today provided additional information regarding the background to the European real estate transactions (the “SIGNA Transactions”) that led to the
Dec 05, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 5, 2019-- HBC (TSX: HBC) will announce financial results for the third quarter 2019 on Tuesday, December 10, 2019 before market hours. Chief Executive Officer Helena Foulkes , and Interim Chief Financial Officer Becky Roof will subsequently host a
Dec 04, 2019
Mails Informational Brochure and Launches HBCGoPrivate.com TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 4, 2019-- Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today mailed an informational brochure and launched www.HBCGoPrivate.com to encourage all shareholders to vote FOR the transaction
Dec 02, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Dec. 2, 2019-- The Special Committee of the Board of Directors of Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”) today announced that it has concluded that the unsolicited proposal from The Catalyst Capital Group Inc.
Nov 27, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Nov. 27, 2019-- Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today confirmed receipt of Catalyst Capital Group Inc.’s (“Catalyst”) unsolicited proposal to acquire HBC for CAD$11.00 per share in cash. The Special Committee of the HBC Board of
Nov 26, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Nov. 26, 2019-- Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced it has made available an updated investor presentation related to the proposed transaction in which HBC will become a private company, owned by certain continuing
Nov 22, 2019
TORONTO --(BUSINESS WIRE)--Nov. 22, 2019-- Hudson’s Bay Company (TSX: HBC) recently requested to be withdrawn from the credit rating services of Moody’s Investors Service Inc. and Standard & Poor’s Financial Services, LLC . Both firms rated HBC’s $429 million term loan, which was repaid and retired
Nov 19, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Nov. 19, 2019-- Appraisals of Hudson's Bay Company’s (TSX: HBC) ("HBC" or the “Company”) portfolio of properties, as well as those of RioCan-HBC Limited Partnership and HBS Global Properties LLC , have been made available to shareholders by the Special
Nov 15, 2019
Board Unanimously Recommends Shareholders Vote in Favor of the Arrangement Resolution TORONTO & NEW YORK --(BUSINESS WIRE)--Nov. 15, 2019-- Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced it has filed the Management Information Circular (the “Circular”) and related proxy
Nov 08, 2019
Le Tote acquires Lord + Taylor brand and assumes operations of 38 stores and e-commerce presence HBC maintains ownership of Lord + Taylor real estate TORONTO --(BUSINESS WIRE)--Nov. 8, 2019-- Hudson's Bay Company (TSX:HBC) successfully completed the sale of Lord + Taylor to Le Tote, Inc.
Oct 21, 2019
Definitive Agreement with Shareholder Group on Revised Privatization Proposal Follows Independent and Thorough Evaluation Process and Negotiations by Special Committee of the Board of HBC and its Advisors Transaction Delivers Substantial 62% Premium, Provides Immediate and Certain Cash Value to HBC
Oct 01, 2019
  Solidifies HBC’s strategic focus on North American operations and greatest opportunities for growth - Saks Fifth Avenue and Hudson’s Bay   Proceeds used to strengthen HBC’s balance sheet by fully repaying term loan       TORONTO & NEW YORK --(BUSINESS WIRE)--Oct.
Sep 20, 2019
TORONTO --(BUSINESS WIRE)--Sep. 20, 2019-- HBC (TSX: HBC) today announced that HBC Netherlands BV will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands on or before December 31, 2019 . Hudson’s Bay Netherlands is owned by a retail joint venture of SIGNA Retail
Sep 12, 2019
Revenues totaled $1.9 billion , with comparable sales down 0.4% including a 19% year-over-year increase in digital sales Saks Fifth Avenue’s comparable sales up 7.3% on a two-year stacked basis, which includes 0.6% comp in the second quarter Saks OFF 5TH’s comp sales up 3.4% driven by new customer
Sep 06, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Sep. 6, 2019-- HBC (TSX: HBC) will announce financial results for the second quarter 2019 on Thursday, September 12, 2019 before market hours. Chief Executive Officer Helena Foulkes , and Interim Chief Financial Officer Becky Roof will subsequently host a
Aug 28, 2019
Transaction to create new experience with fashion rental subscriptions, e-commerce and stores Sale concludes HBC’s review of strategic alternatives for Lord + Taylor business TORONTO --(BUSINESS WIRE)--Aug. 28, 2019-- Hudson's Bay Company (TSX:HBC) and Le Tote, Inc.
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