hudson's bay news and archive

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...

May 4, 2021

Retail

Columbia and Hudson’s Bay reopen stores with safety measures in place

As lockdown measures ease in certain states and provinces across the US and Canada, many stores are able to reopen. Columbia Sportswear and Hudson’s Bay have started offering in-store service again, with a focus placed on abiding by safety guidelines and supporting Covid-19 relief efforts. Columbia Sportswear On Friday, the outdoor apparel and...

May 19, 2020

Business

Hudson’s Bay shareholders vote overwhelmingly to take company private

Hudson’s Bay Company’s (HBC) shareholders have voted overwhelmingly in favour of a plan to take the Canadian retailer private. In a special meeting held on Thursday, shareholders voted with a 98.28 percent majority in favour of the plan, comfortably surpassing the required favourable vote of at least 75 percent. The resolution also required...

Feb. 28, 2020

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...

Jan. 14, 2020

Fashion |LOOKING BACK

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...

Dec. 27, 2019

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...

Nov. 29, 2019

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...

Nov. 11, 2019

Business

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...

Oct. 21, 2019

Business

Hudson’s Bay Co. confirms is fully exiting the The Netherlands

New York – HBC Netherlands BV, owned by a joint venture of Hudson’s Bay Co. and Signa Retail Holdings, has recently announced it will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands by December 31, 2019. The closings are not expected to have any impact on the day-to-day operations of the Hudson’s Bay...

Sep. 23, 2019

Retail

Hudson's Bay confirms plans to close Dutch stores by end of year

Canadian retailer Hudson's Bay has confirmed plans to close its Dutch stores by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost. Hudson’s Bay employees in the Netherlands were informed of the news on Thursday afternoon, according to trade union CNV. "Especially because the adventure lasted so short, the group...

Sep. 20, 2019

Business

Hudson’s Bay to close Dutch stores by end of year

Canadian retailer Hudson's Bay is reportedly planning to close all its stores in the Netherlands by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost, according to Dutch newspaper Het Financieele Dagblad (FD), citing a letter from Hudson’s Bay parent company Hudson’s Bay Company (HBC). Dutch trade unions CNV...

Sep. 2, 2019

Business

Hudson’s Bay to sell Lord & Taylor for 100 million Canadian dollars

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord & Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord & Taylor brand and related intellectual property while assuming operations of its 38 stores, digital channels...

Aug. 28, 2019