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.
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.
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.
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