Hudson's Bay news and archive

Hudson's Bay owner and BB Kapital snap up German department store Galeria

NRDC Equity Partners, the New York-based parent company of Hudson’s Bay, and BB Kapital SA, the investment firm of businessman Bernd Beetz’s family, have come together to acquire German department store firm Galeria Karstadt Kaufhof GmbH. The consortium have joined hands as part of Galeria’s insolvency plan, with the company’s administrator...

Business

Hudson’s Bay officially goes fur-free

Department store chain company Hudson’s Bay has finally gone fur free after being subject to years of pressure from the People for the Ethical Treatment of Animals (PETA). The Canadian group, which operates a series of luxury retailers, including Saks Fifth Avenue, and online platform ‘The Bay’, will implement the move throughout its entire...

Business

The Bay names new president after Iain Nairn announces retirement

The Bay’s president and CEO Iain Nairn has announced he will be retiring from the company in January 2023. In his place, the retail group has already named Sophia Hwang-Judiesch as the new president of both The Bay and its subsidiary Hudson’s Bay, overseeing the store and digital businesses. Hwang-Judiesch was initially appointed president of...

Business

Hudson’s Bay names Nadira Singh as chief financial officer

Canadian retailer Hudson’s Bay has announced the appointment of Nadira Singh as its chief financial officer, effective May 2. Singh will report directly to president of Hudson’s Bay, Wayne Drummond, who said in a release: “As we evolve our stores to be destinations of discovery for our customers, I am delighted to welcome Nadira to the Hudson’s...

Business

Kohl’s confirms its reviewing multiple preliminary offers

US department store chain Kohl’s Corporation has confirmed it has received “multiple” preliminary indications of interest, further pushing the possibility of a buyout for the company. In a press release, Kohl’s said the proposals were non-binding and without committed financing. Goldman Sachs has been authorised by the board to coordinate with...

Business

The Bay names new chief customer officer

Digital fashion platform The Bay has announced the appointment of Alexander Meyer as chief customer officer. Meyer has been tasked with managing the ongoing transformation of the company’s integrated marketing, media and customer success strategies, with a particular focus on high growth, brand and personalisation. He will oversee brand...

Fashion Featured

Hudson’s Bay invests 30 million dollars in new social impact platform

Hudson’s Bay has launched a new social impact platform, called Hudson’s Bay Charter for Change, which aims to accelerate racial equity and inclusion in the fashion retailer’s home country of Canada. The platform has been launched through the Hudson Bay Foundation with a commitment of 30 million Canadian dollars over the coming 10 years. It will...

People

Hudson’s Bay appoints Iain Nairn as President

Hudson’s Bay has appointed Iain Nairn as President, effective January 12th, 2020. The company said in a statement that a highly-accomplished retail executive, Nairn has a remarkable track record of driving profitable growth and transformational change at a wide variety of retailers, from specialty to department store formats. He reports directly...

Fashion |LOOKING BACK Featured

In pictures: 10 important fashion moments in 2019

December is the month to reflect on the year and look forward to the new one ahead. FashionUnited takes a look at important fashion image of 2019: the year in fashion photos. Photo Vegan Fashion Week Vegan Fashion Week makes its debut in Los Angeles Vegan Fashion Week makes its debut in February. The event, which highlights designers who produce...

Business

Hudson's Bay Netherlands requests for deferment of payment

After announcing plans to exit the Dutch market in September this year, Hudson’s Bay Netherlands has now requested a deferment of payment, reports RTL Z. According to the report, the Hudson’s Bay has announced that says “it can no longer meet the payment obligations due to the court decision and the periodic penalty payments that were imposed...

Business

Hudson's Bay Company sells Lord + Taylor to Le Tote

Hudson’s Bay Company (HBC) has announced completion of the sale of Lord + Taylor to Le Tote, Inc., a fashion rental subscription service, for 99.5 million Canadian dollars (75 million dollars) in cash and a secured promissory note for 32.2 million Canadian dollars (25 million dollars) payable in cash after two years, subject to customary...

BusinessFeatured

Hudson’s Bay Company agrees to takeover bid from Baker-led group

Hudson’s Bay Company (HBC) has announced that, it has entered into a definitive arrangement agreement with a group of HBC shareholders backed by Executive Chairman Richard Baker, to take the Company private. The company said in a statement that the shareholder group, who collectively owns approximately 57 percent of the common shares, will be...