Hudson’s Bay to Sell Toronto Complex for C$650 Million, Add Saks

Hudson's Bay | Source: Flickr

TORONTO, Canada — Hudson’s Bay Company, Canada’s oldest company, said it will sell its main store and adjoining office tower in downtown Toronto for C$650 million ($587.9 million) and turn part of it into a Saks Fifth Avenue luxury retail store.

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Saks Shareholders Approve Sale to Hudson’s Bay

Saks Fifth Avenue New York | Source: Associated Press

NEW YORK, United States — The shareholders of Saks have overwhelmingly approved the luxury retailer's sale to Hudson's Bay Co. Saks Inc. said in July that it would be acquired by Hudson's, the Canadian parent of retailer Lord & Taylor, for about $2.24 billion.

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Neiman Seeking $3.75 Billion of Loans; Hudson’s Bay Boosts Debt

Neiman Marcus Headquarters Dallas | Source: Neiman Marcus

NEW YORK, United States — Neiman Marcus Group Inc. is seeking $3.75 billion in loans to back its buyout by Ares Management LLC and the Canada Pension Plan Investment Board, while Hudson’s Bay Co. increased the size of the bank debt it’s seeking to purchase Saks Inc.

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Pushing femininity, Hudson’s Bay IPO, Frank & Oak, Friedman’s POV, Augustin Teboul

Clare Waight Keller | Source: Marie Claire

Who Are You Calling Girly? (NY Times) “In the year since Ms. Waight Keller, formerly the designer of Pringle of Scotland, became the creative director at Chloé, many visitors have noted the remarkable calmness that radiates from her studio. That, and the fact that roughly 80 percent of the hundreds of employees at the company are women, which is a point of pride at a house that has projected an aura of femininity for 60

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