Saks Faces $8.8M Suit Amid Neiman Marcus Acquisition Challenges
Saks Global has fallen out with Pathlight Capital, which helped clear the way for the luxury retailer’s $2.7 billion acquisition of Neiman Marcus last year, but has now sued the…
Hudson’s Bay Signs Lease Deal With Chinese Billionaire
Hudson’s Bay has entered into a definitive agreement to sell up to 28 leases in Ontario, Alberta and British Columbia to Ruby Liu Commercial Investment Corp., a company operating shopping…
Resurrecting Hudson’s Bay, in a Limited Way
Hudson’s Bay is liquidating all of its stores but won’t completely disappear from the Canadian retail landscape. The Canadian Tire Corp. has entered into a definitive agreement to buy the…
Hudson’s Bay Extends Liquidation to Entire Fleet
After triggering liquidations at 86 locations across Canada, the Hudson’s Bay Co. has decided to liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The company…