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Hudson's Bay Company (T:HBC)

Business Focus: N/A

Oct 24, 2023 07:00 am ET
/R E P E A T -- MEDIA ADVISORY - ZELLERS PRESS CONFERENCE/
TORONTO, Oct. 23, 2023 /CNW/ - A beary exciting announcement.
Oct 23, 2023 05:02 pm ET
MEDIA ADVISORY - ZELLERS PRESS CONFERENCE
TORONTO, Oct. 23, 2023 /CNW/ - A beary exciting announcement.
Oct 10, 2023 08:00 am ET
BUCKLE UP CANADA… BAY DAYS ARE BACK! HUDSON'S BAY'S LOWEST PRICES OF THE SEASON START NOW
TORONTO, Oct. 10, 2023 /CNW/ - Canada's favourite retail therapy event has arrived. Hudson's Bay's iconic Bay Days sale - featuring the LOWEST prices of the season - is back and in full swing. From October 12th through 29th Bay Days is the place to be, serving mega savings up to 60% off, daily door crashers, and blockbuster Hudson's Bay Reward point incentives whether in store or on TheBay.com. But wait, there's more… Hudson's Bay Reward members get 'insider access', with the jaw-dropping deals starting 2-days early, on October 10th.
May 23, 2023 06:00 am ET
ZELLERS TO EXPAND STORE FOOTPRINT ACROSS CANADA
HBC Raising Additional Capital to Further Invest and Grow Businesses
May 23, 2023 06:00 am ET
ZELLERS TO EXPAND STORE FOOTPRINT ACROSS CANADA
HBC Raising Additional Capital to Further Invest and Grow Businesses
May 16, 2023 08:30 am ET
Wehwehneh Bahgahkinahgohn Receives Global Recognition as 'Best World-Changing Idea, North America' in Fast Company's 2023 World Changing Ideas Awards
TORONTO and WINNIPEG, MB, May 16, 2023 /CNW/ - The Southern Chiefs' Organization (SCO) and Hudson's Bay Company (HBC) are pleased to announce that Wehwehneh Bahgahkinahgohn has been chosen as Best World-Changing Idea, North America, in the annual World Changing Ideas Awards presented by Fast Company magazine. The Awards honour sustainable designs, innovative products, bold social initiatives, and other creative projects that are changing the way we work, live, and interact with the world.
May 10, 2023 03:01 pm ET
THERE'S BEAUTY IN GIVING BACK
HUDSON'S BAY HOSTS 4-DAY BEAUTY EVENT IN SUPPORT OF HUDSON'S BAY CHARTER FOR CHANGE
Apr 28, 2023 09:25 am ET
IT'S A DATE! HUDSON'S BAY MAKES EVERY TUESDAY 'SENIORS' DAY' FOR SHOPPERS 55+
TORONTO, April 28, 2023 /CNW/ - While Sunday might be scary and Wednesday owns the hump, Tuesday is the week's newest star, as Hudson's Bay makes every Tuesday 'Seniors' Day'. The seniors discount – which gives shoppers aged 55+ an extra 15% off their eligible in-store purchase – applies to regular, sale and clearance merchandise.
Mar 30, 2023 09:30 am ET
Mar 30, 2023 08:30 am ET
RISE LITTLE EARTHLING, AN OUT-OF-THIS-WORLD KID'S LIFESTYLE BRAND, HAS LANDED EXCLUSIVELY AT THE BAY
TORONTO, March 30, 2023 /CNW/ - Today, Hudson's Bay is proud to announce the exclusive launch of Rise Little Earthling, an affordable and quality kid's apparel brand focused on thoughtful style for modern little ones. Designed by Joe Mimran, the brand is built with three goals in mind: sustainability, creativity and comfort. From internationally-certified eco-friendly manufacturers, organic and recycled materials in both garment and packaging, soft 100% cotton feel on skin, and its comfort design, each piece is crafted with kids and parents in mind.
Feb 24, 2023 07:00 am ET
HUDSON'S BAY FOUNDATION DONATES $25,000 TO CANADIAN RED CROSS TO SUPPORT TURKEY AND SYRIA HUMANITARIAN CRISIS
TORONTO, Feb. 24, 2023 /CNW/ - Today, Hudson's Bay Foundation announced a $25,000 donation to the Canadian Red Cross' Earthquake in Türkiye and Syria Appeal to provide vital humanitarian assistance to people impacted by the earthquakes in Turkey and Syria. Money raised through the Appeal will enable the Red Cross Red Crescent to provide immediate relief, ongoing recovery efforts and resiliency and preparedness activities in impacted and surrounding areas. The activities and areas impacted may evolve based on emerging needs and compounding humanitarian crises.
Mar 03, 2020 11:34 am ET
HBC Completes Privatization Transaction
HBC (TSX: HBC) has successfully completed its plan of arrangement resulting in HBC becoming a private company.
Feb 28, 2020 11:56 am ET
Hudson’s Bay Company Announces Court Approval of Privatization Transaction
Hudson’s Bay Company (TSX: HBC) has received approval from the Ontario Superior Court of Justice (Commercial List) of the statutory plan of arrangement under which HBC will become a private company owned by certain continuing shareholders, while the company’s other shareholders will receive $11.00 per share in cash.
Feb 27, 2020 04:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
TORONTO, Feb. 27, 2020 /CNW/ - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:
Feb 27, 2020 11:05 am ET
Hudson’s Bay Company Shareholders Approve Privatization Transaction
Hudson’s Bay Company’s (TSX: HBC) shareholders voted overwhelmingly in favor of a plan to become a private company at a special meeting of shareholders held earlier today. Shareholders approved the resolution with 98.28 percent of the votes cast at the meeting being voted in favor of the plan, surpassing the required favorable vote of at least 75 percent. The special resolution also required approval by a “majority of the minority” shareholders and 94.46 percent of the votes cast by minority shareholders were voted in favor of the resolution.
Feb 18, 2020 08:00 am ET
Leading Proxy Advisory Firms ISS, Glass Lewis and Egan-Jones All Recommend HBC Shareholders Vote “FOR” Privatization Transaction
Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today announced that proxy advisory firms Institutional Shareholder Services (“ISS”), Glass Lewis, and Egan-Jones have all recommended that HBC shareholders vote “FOR” the transaction in which HBC will become a private company owned by certain continuing shareholders (the “Continuing Shareholders”) and the Company’s other shareholders (the “Minority Shareholders”) will receive $11.00 per share in cash. The Special Meeting of Shareholders (the “Special Meeting”) to approve the transaction will be held at The Arcadian Loft, 8th Floor, 401
Feb 10, 2020 04:35 pm ET
Paige Thomas Appointed President of Saks OFF 5TH
HBC (TSX: HBC) appointed Paige Thomas as President of Saks OFF 5TH, effective immediately. Ms. Thomas is a highly-regarded, results-oriented executive, with extensive experience growing and leading retail businesses, particularly in the off-price segment.
Jan 31, 2020 08:00 am ET
Hudson’s Bay Company Announces Filing of Amended and Restated Management Information Circular in Respect of Special Meeting of Shareholders
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced it has filed an Amended and Restated Management Information Circular (the “Circular”) in connection with the special meeting of shareholders (the “Special Meeting”) to be held at The Arcadian Loft, 8th Floor, 401 Bay Street, Toronto, Ontario, on February 27, 2020. In order for votes to be counted, shareholders as of the new record date of January 27, 2020 must recast any votes cast in connection with the special meeting of shareholders that had been scheduled for December 17, 2019.
Jan 27, 2020 06:46 pm ET
HBC Board of Directors Receives Updated Valuation and Reaffirms Recommendation that Shareholders Vote FOR Privatization Transaction
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced that it has received the updated valuation it had requested from its independent valuator, TD Securities Inc. (“TD Securities”), as well as new fairness opinions provided by J.P. Morgan, Centerview Partners LLC (“Centerview Partners”) and TD Securities. Accordingly, the Special Committee (the “Special Committee”) of the HBC Board of Directors (the “Board”) has reaffirmed its unanimous recommendation to the Board that the privatization transaction with a group of existing shareholders (the “Continuing Shareholders”) is in
Jan 13, 2020 04:15 pm ET
Iain Nairn Named President of Hudson’s Bay
Hudson’s Bay Company (TSX: HBC) today announced that Iain Nairn has been appointed President, Hudson’s Bay, effective January 12th, 2020. A highly-accomplished retail executive, Mr. 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 to Helena Foulkes, CEO, HBC.
Jan 03, 2020 09:54 pm ET
Catalyst Enters into Voting and Support Agreement with Hudson's Bay Company and the Continuing Shareholders
TORONTO, Jan. 3, 2020 /CNW/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") today announced that it has entered into a voting and support agreement (the "Support Agreement") with Hudson's Bay Company (TSX: HBC) ("HBC" or the "Company") and Rupert Acquisition LLC, pursuant to which Catalyst has agreed to vote the common shares of HBC ("HBC Shares") it controls in favour of a privatization transaction whereby the Company will acquire the HBC Shares held by shareholders, other than certain insiders and other shareholders (the "Continuing Shareholders
Jan 03, 2020 09:53 pm ET
Hudson’s Bay Company Enters into Amended Agreement to Be Taken Private at $11.00 per Share
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced that it has entered into an amended arrangement agreement (the “Amended Arrangement Agreement”) with a group of existing shareholders (the “Continuing Shareholders”) under which the HBC common shares held by the Company’s other shareholders (the “Minority Shareholders”) will be acquired by HBC for $11.00 in cash per share.
Dec 31, 2019 09:30 am ET
IIROC Trade Resumption - HBC
TORONTO, Dec. 31, 2019 /CNW/ - Trading resumes in:
Dec 31, 2019 09:06 am ET
IIROC Trading Halt - HBC
TORONTO, Dec. 31, 2019 /CNW/ - The following issues have been halted by IIROC:
Dec 19, 2019 04:00 pm ET
HBC Announces Return of Chief Financial Officer
Hudson's Bay Company’s (TSX:HBC) Chief Financial Officer, Ed Record, will return from medical leave and resume his duties, effective December 20, 2019. With his return, Becky Roof, a Managing Director with AlixPartners LLC, will step down as Interim CFO.
Dec 16, 2019 08:00 am ET
Hudson’s Bay Company Announces Postponement of Special Meeting of Shareholders
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced that it has postponed its special meeting of shareholders called to consider the arrangement (the “Arrangement”) contemplated by the arrangement agreement entered into with Rupert Acquisition LLC on October 20, 2019 pursuant to which HBC will become a private company owned by certain continuing shareholders (the “Continuing Shareholders”). The special meeting of shareholders had been scheduled for December 17, 2019.
Dec 15, 2019 11:39 pm ET
Catalyst Comments on Misrepresentations by Richard Baker and Insiders of Hudson's Bay Company Exposed in OSC Hearings
Time has come for HBC Special Committee to engage with Catalyst on its superior offer Minority shareholders deserve better than constant threats from Richard Baker, who has abandoned his duty to all shareholders If the HBC Board will not act, Catalyst is prepared to seek out other remedies TORONTO, Dec. 15, 2019 /CNW/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") today commented on developments related to Hudson's Bay Company (TSX: HBC) ("HBC" or the "Company") in regards to the Company-sponsored share buyback (the "Insider Issuer Bid") outline
Dec 11, 2019 08:55 am ET
Leading Proxy Advisory Firms Glass Lewis and Egan-Jones Recommend HBC Shareholders Vote “FOR” the Privatization Agreement With a Group of HBC Continuing Shareholders
Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today announced that Glass Lewis and Egan-Jones have both recommended that HBC shareholders vote “FOR” the transaction in which HBC will become a private company. With this transaction, HBC will be owned by certain continuing shareholders (the “Continuing Shareholders”) and the Company’s other shareholders (the “Minority Shareholders”) will receive $10.30 per share in cash.
Dec 11, 2019 08:03 am ET
Catalyst Comments on Glass Lewis's Recommendation to Hudson's Bay Company Shareholders
Glass Lewis Ignores the Central Issues of How the Baker Group was Formed and Misleading and Incomplete Disclosures, Which Created a Flawed Process and a Coercive TransactionISS Correctly Identified Numerous Issues and Conflicts, Including Lack of Disclosures and Defects in Sales Process, by Richard Baker, the Insider Group and the HBC Board of Directors TORONTO, Dec. 11, 2019 /CNW/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") today commented on the recommendation by Glass Lewis to Hudson's Bay Company (TSX: HBC) ("HBC" or the "Company") share
Dec 10, 2019 07:00 am ET
HBC Reports Third Quarter 2019 Financial Results
HBC’s (TSX: HBC) third quarter comparable sales declined 1.7 percent, as the company lapped its top-performing quarter in 2018. The sale of the company’s interest in the European real estate joint venture and strategic changes in vendor relationships also weighed on the company’s profitability, with Adjusted EBITDA down 32 percent year-over-year to $84 million.
Dec 09, 2019 04:00 pm ET
Hudson’s Bay Company Mails Informational Brochure and Reminds Shareholders to Vote FOR the Take Private Transaction
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today mailed an informational brochure to remind all shareholders to vote FOR the transaction in which HBC will become a private company, owned by certain continuing shareholders (the “Continuing Shareholders”), and the Company’s other shareholders (the “Minority Shareholders”) will receive $10.30 in cash per share. The informational brochure is available on the dedicated transaction website
Dec 09, 2019 08:00 am ET
Special Committee of the HBC Board of Directors Comments on ISS Report
The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today commented on the flawed report from Institutional Shareholder Services (“ISS”) regarding the proposed transaction in which HBC will become a private company owned by certain continuing shareholders (the “Continuing Shareholders”) and the Company’s other Shareholders (the “Minority Shareholders”) will receive $10.30 per share in cash.
Dec 07, 2019 08:56 am ET
ISS Recommends that Hudson's Bay Company Shareholders Vote AGAINST the Baker Group Transaction
- ISS Identifies Numerous Issues and Conflicts, Including Lack of Disclosures and Defects in Sales Process, by Richard Baker, the Insider Group and the HBC Board of Directors
Dec 06, 2019 11:15 pm ET
Special Committee of the Board of Hudson’s Bay Provides Additional Information Regarding Background to Proposed Privatization Transaction
The Special Committee of the Board of Directors of Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”) today provided additional information regarding the background to the European real estate transactions (the “SIGNA Transactions”) that led to the development of the privatization transaction contemplated by the Arrangement Agreement between HBC and Rupert Acquisition LLC dated October 20, 2019 (the “Arrangement Agreement”).
Dec 05, 2019 08:30 am ET
HBC Schedules Q3 2019 Financial Results
HBC (TSX: HBC) will announce financial results for the third quarter 2019 on Tuesday, December 10, 2019 before market hours. Chief Executive Officer Helena Foulkes, and Interim Chief Financial Officer Becky Roof will subsequently host a conference call to discuss the company’s results at 8:30 a.m. ET.
Dec 04, 2019 05:00 pm ET
 The HBC Continuing Shareholders Issue Statement
A group of shareholders of Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”), who collectively own approximately 57% of the outstanding common shares of HBC on an as-converted basis (collectively the “Continuing Shareholders”), today issued the following statement:
Dec 04, 2019 05:00 pm ET
Hudson’s Bay Company Reminds Shareholders to Vote FOR the Take Private Transaction in Advance of Special Meeting
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today mailed an informational brochure and launched www.HBCGoPrivate.com to encourage all shareholders to vote FOR the transaction in which HBC will become a private company, owned by certain continuing shareholders (the “Continuing Shareholders”), and the Company’s other shareholders (the
Dec 03, 2019 05:23 pm ET
Catalyst Comments on Hudson's Bay Company Special Committee Disclosure and Statements by Richard Baker
Reinforces that its $11 per share offer is superior in value and treatment of all shareholders Catalyst is committed to engaging in negotiations once the flawed and undervalued Baker led Insider Issuer Bid is rejected by shareholders Calls on the HBC Board to provide adequate disclosure and to conduct a true strategic alternative process to maximize value for the benefit of all shareholders Catalyst will continue to oppose the Insider Issuer Bid and urges shareholders to vote AGAINST it utilizing the HBC proxy TORONTO, Dec. 3, 2019 /CNW/ - The Catalyst Capital Group Inc., on behalf of inves
Dec 03, 2019 06:30 am ET
Dec 02, 2019 10:16 pm ET
Catalyst Applies for Hearing with Ontario Securities Commission to Review Richard Baker's Transaction with Hudson's Bay Company
TORONTO, Dec. 2, 2019 /CNW/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") has filed a notice of application for a hearing with the Ontario Securities Commission (the "OSC") in relation to the October 20, 2019 agreement (the "Arrangement Agreement") between Hudson's Bay Company (TSX: HBC) ("HBC" or the "Company") and certain insiders led by Mr. Richard Baker (the "Baker Group").
Dec 02, 2019 09:54 pm ET
Special Committee of the Board of Hudson’s Bay Company Responds to Proposal from Catalyst Capital Group
The Special Committee of the Board of Directors of Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”) today announced that it has concluded that the unsolicited proposal from The Catalyst Capital Group Inc. (“Catalyst”) to acquire HBC is not reasonably capable of being consummated. As a result, the Catalyst proposal cannot be a Superior Proposal for the purposes of the Arrangement Agreement between HBC and Rupert Acquisition LLC dated October 20, 2019 (the “Arrangement Agreement”).
Dec 02, 2019 04:30 am ET
Catalyst Provides Update on its Superior Offer to Acquire Hudson's Bay Company for $11 per Common Share in Cash
- At the Request of the Special Committee of HBC, Catalyst has Extended Deadline for Acceptance of its Offer Letter to 5pm (Eastern) December 2, 2019
Nov 27, 2019 03:11 pm ET
Hudson’s Bay Company Confirms Receipt of Unsolicited Proposal from Catalyst Capital Group
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today confirmed receipt of Catalyst Capital Group Inc.’s (“Catalyst”) unsolicited proposal to acquire HBC for CAD$11.00 per share in cash.
Nov 27, 2019 08:00 am ET
Catalyst Presents Superior Offer to Acquire Hudson's Bay Company for $11 per Common Share in Cash
Offer is superior in value and treatment of all shareholders, including minority shareholdersUnlike the Insider Issuer Bid, the Catalyst offer is a bona fide, independently financed all-cash offer that can be completed in a timely mannerCatalyst will allow other shareholders to participate as equity sponsors and is supportive of other approaches to obtain higher value for shareholdersCoercive and opportunistic Insider Issuer Bid results directly from a non-arm's length process, whereby insiders attempted to preclude alternative biddersCatalyst has filed a complaint with the Ontario Securitie
Nov 26, 2019 04:00 pm ET
Hudson’s Bay Company Provides Updated Investor Presentation Related to Privatization Transaction
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced it has made available an updated investor presentation related to the proposed transaction in which HBC will become a private company, owned by certain continuing shareholders (the “Continuing Shareholders”), and the Company’s other shareholders (the “Minority Shareholders”) will receive $10.30 in cash per share.
Nov 25, 2019 08:30 am ET
The HBC Continuing Shareholders Highlight the Compelling Reasons for Supporting the Proposed Take Private of Hudson’s Bay Company
A group of shareholders of Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”), who collectively own approximately 57% of the outstanding common shares of HBC on an as-converted basis (collectively the “Continuing Shareholders”), believe there are compelling reasons for HBC’s minority shareholders to support the proposed arrangement to take HBC private for $10.30 per share in cash.
Nov 22, 2019 11:54 am ET
Hudson’s Bay Company Requests to Withdraw from Rating Services of S&P and Moody’s
Hudson’s Bay Company (TSX: HBC) recently requested to be withdrawn from the credit rating services of Moody’s Investors Service Inc. and Standard & Poor’s Financial Services, LLC. Both firms rated HBC’s $429 million term loan, which was repaid and retired in October 2019, prompting HBC’s request.
Nov 19, 2019 08:00 am ET
Appraisals of Hudson’s Bay Company’s Real Estate Portfolio Available at HBC.com
Appraisals of Hudson's Bay Company’s (TSX: HBC) ("HBC" or the “Company”) portfolio of properties, as well as those of RioCan-HBC Limited Partnership and HBS Global Properties LLC, have been made available to shareholders by the Special Committee of the Board of Directors of HBC (the “Special Committee”). To access the 79 appraisals please visit:
Nov 15, 2019 08:00 am ET
Hudson’s Bay Company Announces Filing of Management Information Circular for Shareholders Meeting to Approve Privatization Transaction
Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced it has filed the Management Information Circular (the “Circular”) and related proxy materials with Canadian securities regulatory authorities in connection with the special meeting of shareholders (the “Special Meeting”) to be held at The Arcadian Loft, 8th Floor, 401 Bay Street, Toronto, Ontario, on December 17, 2019 at 10:00 a.m.
Nov 08, 2019 03:01 pm ET
HBC Closes Sale of Lord + Taylor to Le Tote
Hudson's Bay Company (TSX:HBC) successfully completed the sale of Lord + Taylor to Le Tote, Inc., a leading fashion rental subscription service, for $99.5 million (USD$75 million) in cash and a secured promissory note for $32.2 million (USD$25 million) payable in cash after two years, subject to customary adjustments.
Oct 31, 2019 04:37 pm ET
Catalyst Announces Substantial Shareholder Opposition to Richard Baker Led Insider Issuer Bid for Hudson's Bay Company Shares
- Agreement between Richard Baker Group and HBC amounts to nothing more than a severely undervalued share buyback at the expense of shareholders
Oct 31, 2019 04:37 pm ET
Catalyst Announces Substantial Shareholder Opposition to Richard Baker Led Insider Issuer Bid for Hudson's Bay Company Shares
- Agreement between Richard Baker Group and HBC amounts to nothing more than a severely undervalued share buyback at the expense of shareholders
Oct 21, 2019 07:45 am ET
Hudson’s Bay Company Agrees to Be Taken Private at $10.30 per Share
Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today announced that, based on the unanimous recommendation of an independent Special Committee of its Board of Directors (the “Special Committee”) following an extensive review and analysis, it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with a group of HBC shareholders (the “Shareholder Group”) to take the Company private.
Oct 04, 2019 06:00 am ET
Leesa Sleep and Hudson's Bay Donate 500 Leesa Mattresses to Canadians supported by the Canadian Mental Health Association
TORONTO, Oct. 4, 2019 /CNW/ - Leesa Sleep, a mission-driven premium mattress company, and Hudson's Bay, Canada's premiere department store announced a commitment to donate 500 mattresses over the next year to families and individuals served by the Canadian Mental Health Association (CMHA) across the country. This long-term commitment launched earlier today, as Leesa Sleep Co-Founder David Wolfe and Hudson's Bay VP, Home, Danny Abramowitz delivered the first 16 new Leesa mattresses to a permanent housing residence for individuals who rely on services provided by CMHA.
Oct 03, 2019 07:00 am ET
Oct 02, 2019 08:00 am ET
Paradise Developments Delivers Letter to the Special Committee of HBC
Paradise Developments, a long-term shareholder of HBC (the “Company”)(TSX:HBC) today announced that it has delivered a letter to the Special Committee of the Company's Board of Directors related to the non-binding proposal by a group of HBC...
Oct 01, 2019 08:23 am ET
HBC Closes Sale of European Real Estate and Retail Joint Ventures
HBC (TSX: HBC) successfully completed the sale of the company’s remaining stakes in its European real estate and retail joint ventures to its partner, SIGNA Retail, for a total consideration of approximately $1.5 billion (€1 billion). Transaction closed consistent with previously disclosed terms.
Sep 20, 2019 12:00 pm ET
Hudson’s Bay Stores to Close in the Netherlands
HBC (TSX: HBC) today announced that HBC Netherlands BV will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands on or before December 31, 2019. Hudson’s Bay Netherlands is owned by a retail joint venture of SIGNA Retail Holdings and HBC, comprising German, Belgium and Netherlands operations. The closure of the Netherlands stores is not expected to have any impact on the day-to-day operations of the Hudson’s Bay business in Canada.
Sep 12, 2019 07:00 am ET
HBC Reports Second Quarter 2019 Financial Results
HBC’s (TSX: HBC) second quarter sales were driven by accelerated growth in digital, continued positive comp at Saks Fifth Avenue, sequential progress at Hudson’s Bay and the second consecutive quarter of increased comparable sales at Saks OFF 5TH. Gross margin declined year-over-year. Approximately two-thirds of the gross margin decrease was due to changes in store footprint, vendor relationships and merchandise, the impact of which is expected to lessen slightly during the second half of the year. The remaining one-third was due to a hyper-promotional market environment.
Sep 06, 2019 08:30 am ET
HBC Schedules Q2 2019 Financial Results
HBC (TSX: HBC) will announce financial results for the second quarter 2019 on Thursday, September 12, 2019 before market hours. Chief Executive Officer Helena Foulkes, and Interim Chief Financial Officer Becky Roof will subsequently host a conference call to discuss the company’s results at 8:30 a.m. ET.
Aug 28, 2019 09:23 am ET
IIROC Trade Resumption - HBC
TORONTO, Aug. 28, 2019 /CNW/ - Trading resumes in:
Aug 28, 2019 09:15 am ET
HBC and Le Tote Enter Into Agreement for Acquisition of Lord + Taylor
Hudson's Bay Company (TSX:HBC) and Le Tote, Inc., a leading fashion rental subscription service, have entered into an agreement for Le Tote to acquire Lord + Taylor. Le Tote’s proprietary technology, data and innovation combined with Lord + Taylor’s traditional store footprint, e-commerce presence and merchandise selection will offer customers a new experience in the mid-market segment.
Aug 28, 2019 09:04 am ET
IIROC Trading Halt - HBC
TORONTO, Aug. 28, 2019 /CNW/ - The following issues have been halted by IIROC:
Aug 19, 2019 08:45 am ET
Catalyst Announces Successful Results of Tender Offer for Shares of Hudson's Bay Company
- Catalyst tender offer has resulted in 18,491,502 shares tendered, representing 10.05% of HBC shares outstanding
Aug 19, 2019 08:45 am ET
Catalyst Announces Successful Results of Tender Offer for Shares of Hudson's Bay Company
- Catalyst tender offer has resulted in 18,491,502 shares tendered, representing 10.05% of HBC shares outstanding
Aug 15, 2019 11:39 am ET
Catalyst Reminds Hudson's Bay Shareholders of Deadline to Tender Shares
Catalyst offering to acquire a maximum of 19,782,393 shares at $10.11 per share, reflecting $200 million total value, with cash settlement within three business days Catalyst offer provides HBC shareholders who choose to participate immediate liquidity and a significant premium to the HBC current share price and to the Baker Group proposal of $9.45 per share announced on June 10, 2019  Catalyst notes that its fully-funded cash offer is straight-forward and complies with all applicable law The deadline to tender shares to the offer is 5pm (Toronto time) on August 16, 2019 and interested share
Aug 15, 2019 11:39 am ET
Catalyst Reminds Hudson's Bay Shareholders of Deadline to Tender Shares
Catalyst offering to acquire a maximum of 19,782,393 shares at $10.11 per share, reflecting $200 million total value, with cash settlement within three business days Catalyst offer provides HBC shareholders who choose to participate immediate liquidity and a significant premium to the HBC current share price and to the Baker Group proposal of $9.45 per share announced on June 10, 2019  Catalyst notes that its fully-funded cash offer is straight-forward and complies with all applicable law The deadline to tender shares to the offer is 5pm (Toronto time) on August 16, 2019 and interested share
Aug 15, 2019 08:30 am ET
Special Committee of the Board of HBC Comments on Amended Offer from Catalyst Capital Group
The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today commented on the amended unsolicited offer made on August 7, 2019 to shareholders by the Catalyst Capital Group Inc., ("Catalyst") to acquire up to 19,782,393 common shares of the Company at a price of $10.11 per common share in cash (the “Amended Catalyst Offer”). The initial offer by Catalyst made on July 22, 2019 was for up to 14,836,795 common shares, also at a price of $10.11 per common share in cash.
Aug 05, 2019 06:15 pm ET
Catalyst Capital Amends Offer to Purchase Common Shares of Hudson's Bay Company
- Increases number of shares to be acquired to a maximum of 19,782,393 shares, reflecting $200 million total value
Aug 05, 2019 06:15 pm ET
Catalyst Capital Amends Offer to Purchase Common Shares of Hudson's Bay Company
- Increases number of shares to be acquired to a maximum of 19,782,393 shares, reflecting $200 million total value
Aug 02, 2019 02:25 pm ET
Catalyst Comments on Recent Statement by HBC Special Committee on Catalyst and Baker Group Offers
- Catalyst is encouraged that the Special Committee acknowledges that the Baker Group offer of $9.45 per common share is "inadequate"
Aug 02, 2019 02:25 pm ET
Catalyst Comments on Recent Statement by HBC Special Committee on Catalyst and Baker Group Offers
- Catalyst is encouraged that the Special Committee acknowledges that the Baker Group offer of $9.45 per common share is "inadequate"
Aug 02, 2019 08:30 am ET
Special Committee of the Board of HBC Comments on Offer by Catalyst Capital Group
The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today issued a response to the unsolicited offer made to shareholders by the Catalyst Capital Group Inc., ("Catalyst") to acquire up to 14,836,795 common shares of the Company at a price of $10.11 per common share in cash (the “Catalyst Offer”). The Special Committee also wishes to provide an update on its ongoing review of the June 10, 2019 proposal for the privatization of the Company from a group of HBC shareholders, including HBC’s Governor and Executive Chairman, (the “Shareholder G
Aug 01, 2019 04:01 pm ET
Shareholders Collectively Owning 57% of Hudson’s Bay Company’s Outstanding Common Shares Outline Significant Risks of Catalyst Capital’s Coercive Partial Bid
The group of shareholders of Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”), who collectively own approximately 57% of the outstanding common shares of HBC on an as-converted basis, which includes individuals and entities related to, or affiliated with, Richard A. Baker, Governor and Executive Chairman of HBC; Rhône Capital L.L.C.; WeWork Property Advisors; Hanover Investments (Luxembourg) S.A.; and Abrams Capital Management, L.P. (collectively the “Continuing Shareholders”), today delivered the following letter to the Special Committee of the Board of Directors of HBC:
Jul 25, 2019 08:30 am ET
Special Committee of the Board of HBC Provides Update on Review of Privatization Proposal From Group of HBC Shareholders
As part of this process, the Special Committee has invited a number of shareholders to share their views regarding the privatization proposal directly with the Special Committee and its financial advisors in the coming weeks.
Jul 22, 2019 05:40 pm ET
Catalyst Capital Announces Offer to Purchase Common Shares of Hudson's Bay Company
$150 million offer is for $10.11 per common share of HBC payable in cash for up to 14,836,795 common sharesCatalyst Offer provides a significant premium and immediate alternative to the Insider Buyout Proposal announced on June 10, 2019 Catalyst will oppose Insider Buyout Proposal and requests Special Committee to explore alternatives that will maximize value for all shareholders TORONTO, July 22, 2019 /CNW/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") is pleased to announce an offer (the "Catalyst Offer") to purchase up to 14,836,795 common s
Jul 22, 2019 05:40 pm ET
Catalyst Capital Announces Offer to Purchase Common Shares of Hudson's Bay Company
$150 million offer is for $10.11 per common share of HBC payable in cash for up to 14,836,795 common sharesCatalyst Offer provides a significant premium and immediate alternative to the Insider Buyout Proposal announced on June 10, 2019 Catalyst will oppose Insider Buyout Proposal and requests Special Committee to explore alternatives that will maximize value for all shareholders TORONTO, July 22, 2019 /PRNewswire/ - The Catalyst Capital Group Inc., on behalf of investment funds managed by it, ("Catalyst") is pleased to announce an offer (the "Catalyst Offer") to purchase up to 14,836,795 c
Jul 10, 2019 05:13 pm ET
Special Committee of the Board of HBC Provides Process Update
HBC (TSX: HBC) announced that the Special Committee of the Board of Directors has retained TD Securities Inc. as independent valuator to prepare a formal valuation of the common shares of the company in accordance with Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, and Centerview Partners LLC as special advisor. The Special Committee has also retained J.P. Morgan Securities as financial advisor and Blake, Cassels & Graydon LLP as legal counsel to assist the Special Committee in its process.
Jun 19, 2019 07:36 pm ET
HBC Announces Election of Directors
HBC (TSX: HBC) announced that all of the nominees listed in its management information circular dated May 15, 2019 (“Circular”) were elected as directors of HBC at the annual meeting of shareholders (“Meeting”) held today in Toronto. The results of the vote are set out below:
Jun 17, 2019 04:30 pm ET
HBC’s Chief Financial Officer to Take Medical Leave of Absence
HBC (TSX: HBC) today announced that its Chief Financial Officer Ed Record will be taking a medical leave of absence, effective today. In his absence, the company has appointed Becky Roof as Interim CFO.
Jun 13, 2019 07:00 am ET
HBC Reports First Quarter 2019 Financial Results
HBC (TSX: HBC) reported first quarter 2019 results, including continued industry-leading comparable sales from Saks Fifth Avenue, a return to comparable sales growth at Saks OFF 5TH, and a $817 million gain from the sale of the Lord + Taylor flagship building in New York City.
Jun 10, 2019 09:11 am ET
HBC Announces Formation of Special Committee of Independent Directors to Review Proposal from Shareholder Group
HBC (TSX: HBC) announced that its Board of Directors has formed a Special Committee of independent directors to review the June 10, 2019 proposal from a group of HBC shareholders for the privatization of the Company at a price of C$9.45 per share, payable in cash.
Jun 10, 2019 09:01 am ET
Shareholders Collectively Owning 57% of Hudson’s Bay Company’s Outstanding Common Shares Submit Take-Private Proposal for C$9.45 per Share in Cash
A group of shareholders of Hudson’s Bay Company (TSX:HBC) (“HBC” or the “Company”), who collectively own approximately 57% of the outstanding common shares of HBC on an as-converted basis, which includes individuals and entities related to, or affiliated with, Richard A. Baker, Governor and Executive Chairman of HBC; Rhône Capital L.L.C.; WeWork Property Advisors; Hanover Investments (Luxembourg) S.A.; and Abrams Capital Management, L.P. (collectively the “Continuing Shareholders”), submitted a proposal for the privatization of HBC at a p
Jun 10, 2019 08:56 am ET
HBC Agrees to Sell Remaining European Real Estate and Divest Related Retail Joint Venture for $1.5 Billion
HBC (TSX: HBC) has entered into definitive agreements to sell the company’s remaining stake in its German real estate joint venture, and divest its related retail joint venture to its partner, SIGNA, along with assumption of certain obligations for a total consideration of $1.5 billion (€1 billion). A portion of the transaction’s net proceeds will be used to fortify HBC’s balance sheet by fully repaying its outstanding $436 million term loan. Upon close, HBC will completely exit its German operations.
Jun 10, 2019 08:15 am ET
IIROC Trading Halt - HBC
TORONTO, June 10, 2019 /CNW/ - The following issues have been halted by IIROC:
May 06, 2019 09:20 am ET
HBC to Review Strategic Alternatives for Lord + Taylor
HBC (TSX:HBC) today announced it is pursuing strategic alternatives for the Lord + Taylor operating business, including a possible sale or merger, as part of its strategy to focus on its greatest opportunities.
Apr 30, 2019 04:30 pm ET
HBC Provides Historical Results in U.S. Generally Accepted Accounting Principles
HBC (TSX: HBC) is providing certain preliminary historical financial information in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) as a result of its previously disclosed adoption of the accounting standard beginning in the first quarter of fiscal 2019 for its consolidated financial statements in place of International Financial Reporting Standards.
Apr 03, 2019 07:00 am ET
HBC Reports Fourth Quarter and Fiscal 2018 Financial Results
HBC (TSX: HBC) today announced its financial results for the thirteen and fifty-two week periods ended February 2, 2019, as compared to the fourteen and fifty-three week periods ended February 3, 2018. Certain metrics, including those expressed on an adjusted, normalized, comparable and/or constant currency basis, are non-IFRS financial measures. For more information please refer to the “Supplemental Information” section of this press release and the reconciliation tables below.
Mar 28, 2019 08:00 am ET
HBC Appoints Stephanie Coyles to Board of Directors
HBC (TSX: HBC) announced today that its Board of Directors has appointed Stephanie Coyles as an independent director of the company, effective March 27, 2019. Including Ms. Coyles, the company’s board now comprises 13 directors.
Mar 19, 2019 08:30 am ET
HBC Schedules 2018 Financial Results and Declares Quarterly Dividend
HBC (TSX: HBC) will announce financial results for the fourth quarter and fiscal year 2018 on Wednesday, April 3, 2019 before market hours. HBC’s Governor and Executive Chairman, Richard Baker, Chief Executive Officer Helena Foulkes, and Chief Financial Officer Ed Record will subsequently host a conference call to discuss the company’s results at 8:30 a.m. ET.
Feb 21, 2019 04:05 pm ET
HBC Announces Closure of Home Outfitters Division in Canada and up to 20 Saks OFF 5TH Stores in the U.S.
HBC (TSX: HBC) today announced the closure of its Home Outfitters business in Canada and is performing a fleet review of Saks OFF 5TH’s 133 stores, with an estimate of closing up to 20 locations in the U.S. These actions are part of the company’s strategic plan to reduce costs, simplify the business and improve overall profitability.
Feb 11, 2019 08:15 am ET
HBC Closes Sale of the Lord & Taylor Fifth Avenue Building
HBC (TSX: HBC) has closed the sale of the Lord & Taylor Fifth Avenue building to WeWork Property Investors (WPI) for a total transaction value of CAD $1.1 billion ($850 million), consistent with previously disclosed terms.
Feb 04, 2019 08:00 am ET
HBC Provides Update on Real Estate Transactions
HBC (TSX:HBC) today announced updates to two real estate transactions which are consistent with previously disclosed terms.
Jan 03, 2019 06:12 pm ET
An Entity Controlled by Richard A. Baker Agrees to Acquire Common Shares of Hudson's Bay Company from an Affiliate of Ontario Teachers' Pension Plan Board
TORONTO, Jan. 3, 2019 /CNW/ - An entity controlled by Richard A. Baker, Rupert of the Rhine LLC (the "Purchaser"), has entered into an agreement (the "Purchase Agreement") to acquire 17,953,536 common shares (the "Purchased Shares") of Hudson's Bay Company (TSX: HBC) from 2380162 Ontario Limited (the "Vendor"), a wholly-owned subsidiary of Ontario Teachers' Pension Plan Board, at a price of Cdn.$9.45 per share, representing 115% of the "market price" determined in accordance with Section 1.11 of National Instrument 62-104 – Take-Over Bids and Issuer Bids ("NI 62-104"). The acquisition of the
Dec 05, 2018 07:00 am ET
HBC Reports Third Quarter 2018 Financial Results
HBC (TSX: HBC) today announced its financial results for the thirteen and thirty-nine week periods ended November 3, 2018. Unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted, normalized, comparable and/or constant currency basis, are non-IFRS financial measures. For more information please refer to the “Supplemental Information” section of this press release and the reconciliation tables below. As of the second quarter, HBC Europe has been classified as a di
Nov 30, 2018 11:50 am ET
HBC Completes Transaction to Merge HBC Europe with SIGNA’s Karstadt
HBC (TSX: HBC) today announced the successful completion of the combination of the retail operations of HBC Europe and SIGNA’s Karstadt Warenhaus GmbH and the formation of the companies’ real estate joint venture.
Nov 27, 2018 09:00 am ET
HBC to Report Third Quarter 2018 Financial Results on December 5
HBC (TSX: HBC) is scheduled to announce full financial results for the third quarter ended November 3, 2018 before the opening of the financial markets on December 5, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
Nov 12, 2018 01:37 pm ET
HBC and SIGNA Receive Required Approvals for Closing of Joint Venture
HBC (TSX: HBC) and Signa today announced that they have received all third party consents to enable the previously announced combination of HBC Europe and Karstadt Warenhaus GmbH’s retail operations and the formation of the real estate joint venture. This clears the way for the closing of the intended transactions, which are expected to be completed at the end of November.
Sep 12, 2018 07:00 am ET
HBC Reports Second Quarter 2018 Financial Results
HBC (TSX:HBC) today announced its financial results for the thirteen and twenty-six week periods ended August 4, 2018. Unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted, normalized, comparable and/or constant currency basis, are non-IFRS financial measures. Following the Company's agreements to form a strategic partnership with SIGNA Retail Holdings (“SIGNA”), HBC Europe has been classified as a discontinued operation. Accordingly, the results from this bus
Sep 11, 2018 04:05 am ET
HBC Enters Agreement to Merge HBC Europe with Germany’s Karstadt
HBC (TSX:HBC) today announced it entered into definitive agreements with SIGNA Retail Holdings (“SIGNA”), a leading European retail and real estate operator, to form a strategic partnership for its European retail and real estate assets.
Sep 10, 2018 11:40 am ET
HBC to Report Second Quarter 2018 Financial Results on September 12
HBC (TSX: HBC) is scheduled to announce full financial results for the second quarter ended August 4, 2018 before the opening of the financial markets on September 12, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
Sep 05, 2018 01:55 pm ET
Hudson's Bay rolls out the official striped carpet at Roy Thomson Hall for the 43rd Toronto International Film Festival with Lamar Johnson, The Hate U Give
TORONTO, Sept. 5, 2018 /CNW/ - T-1 day until the city's most anticipated film festival brings Hollywood's elite to Toronto. The Toronto International Film Festival® made its final preparations today with the roll-out of the Hudson's Bay iconic striped carpet at Roy Thomson Hall. First to walk the carpet was TIFF Rising Star Lamar Johnson, in town for the premiere of The Hate U Give.
Aug 30, 2018 03:00 pm ET
HBC Releases 2017 Corporate Social Responsibility Report
Today, HBC published its 2017 Corporate Social Responsibility (CSR) Report, highlighting the Company’s commitment to sustainable practices that are ethical and good for both people and the planet. The report outlines the Company’s global sustainability and social responsibility efforts in four focus areas: Investing in Communities where HBC Operates, Contributing to a Sustainable Environment, Sourcing Ethically, and Engaging Associates.
Aug 28, 2018 12:15 pm ET
Hudson's Bay's striped carpet rolls out at the 43rd Toronto International Film Festival®
TORONTO, Aug. 28, 2018 /CNW/ - As the city prepares for the arrival of Hollywood's elite, Hudson's Bay today announced its return as an Official Fashion Retailer and Red Carpet Sponsor for the 43rd Toronto International Film Festival® (TIFF). From Thur., Sept. 6 to Sun., Sept. 16, the industry's biggest stars will once again grace the iconic striped carpet at Roy Thomson Hall. The Canadian company also expands its festival presence with TIFF LIVE from the Red Carpet presented by Hudson's Bay.
Aug 08, 2018 04:30 pm ET
HBC Announces Change to Board of Directors
HBC (TSX: HBC) today announced that Denise Pickett has stepped down as a director of the Company to focus on her responsibilities at American Express. The Company has initiated a search for a new director to replace Ms. Pickett.
Aug 03, 2018 04:30 pm ET
HBC Provides Update on Lord & Taylor Fifth Avenue Building Sale
HBC (TSX:HBC) today announced that it has entered into an amendment to the purchase and sale agreement with an affiliate of WeWork Property Advisors ("WPA") in respect of the Lord & Taylor Fifth Avenue building. Pursuant to the amendment, the closing date of the sale has been extended from August 10, 2018 to November 13, 2018, with an option for WPA to exercise an additional extension to January 31, 2019. HBC may also elect to extend the close to February 11, 2019 by providing notice to WPA.
Jul 06, 2018 07:30 am ET
HBC Responds to Recent Market Rumours Regarding Its European Business
HBC (TSX:HBC) today stated that contrary to recent reports it has not signed a binding agreement to sell or combine its European business or properties.
Jul 03, 2018 09:25 am ET
Hudson's Bay to Launch "The Future is Stigma Free" Campaign
This marks the next step toward distributing $6 Million CAD for mental health awareness by 2020 through the HBC Foundation's in Canada and the US
Jun 12, 2018 04:30 pm ET
HBC Announces Election of Directors
Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in HBC’s Circular, was duly approved by the requisite number of votes.
Jun 05, 2018 08:00 am ET
HBC Reports First Quarter 2018 Financial Results
HBC (TSX: HBC) today announced its financial results for the thirteen week period ended May 5, 2018. In addition, the Company provided an update on strategic actions it intends to take to improve profitability, including the decision to divest Gilt and right-sizing Lord & Taylor’s store footprint. Unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted, normalized, comparable and/or constant currency basis, are non-IFRS financial measures. For more information please re
May 14, 2018 04:25 pm ET
HBC Appoints Vanessa LeFebvre President of Lord & Taylor
HBC (TSX:HBC) today announced the appointment of Vanessa LeFebvre as President of Lord & Taylor. With a passion for delivering compelling customer experiences grounded in data, LeFebvre will lead Lord & Taylor’s evolution in reimagining the regional department store model.
May 10, 2018 04:30 pm ET
HBC to Report First Quarter 2018 Financial Results on June 5
HBC (TSX: HBC) is scheduled to announce full financial results for the first quarter ended May 5, 2018 before the opening of the financial markets on June 5, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
May 10, 2018 07:07 am ET
Hudson's Bay Expands Partnership with Stylist and Fashion Expert Jessica Mulroney
TORONTO, May 10, 2018 /CNW/ - Hudson's Bay, Canada's most prominent department store, is thrilled to announce it has expanded its relationship with stylist and fashion expert, Jessica Mulroney. As one of Canada's most notable stylists and fashion influencers, Jessica first worked with the Hudson's Bay team in 2014 to help launch the Kleinfeld brand in Canada. In this new relationship with the retailer, Jessica will help drive the fashion and bridal business at Hudson's Bay. With a career that spans branding, manufacturing, PR, retail, and design, Jessica has experience with all facets of the
May 10, 2018 07:07 am ET
Hudson's Bay Expands Partnership with Stylist and Fashion Expert Jessica Mulroney
TORONTO, May 10, 2018 /PRNewswire/ - Hudson's Bay, Canada's most prominent department store, is thrilled to announce it has expanded its relationship with stylist and fashion expert, Jessica Mulroney. As one of Canada's most notable stylists and fashion influencers, Jessica first worked with the Hudson's Bay team in 2014 to help launch the Kleinfeld brand in Canada. In this new relationship with the retailer, Jessica will help drive the fashion and bridal business at Hudson's Bay. With a career that spans branding, manufacturing, PR, retail, and design, Jessica has experience with all facets
Apr 16, 2018 09:45 am ET
Bari Harlam Joins HBC as Chief Marketing Officer
HBC (TSX:HBC) today announced the appointment of Bari Harlam as Chief Marketing Officer, effective immediately. Ms. Harlam will lead HBC’s Marketing Center of Excellence, charged with advancing the company’s approach to marketing through data-driven customer insights across its retail banners in North America.
Mar 28, 2018 07:00 am ET
HBC Reports Fourth Quarter and Fiscal 2017 Financial Results
HBC (TSX: HBC) today announced its financial results for the fourteen and fifty-three week periods ended February 3, 2018. Unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain metrics, including those expressed on an adjusted, normalized, comparable and/or constant currency basis, are non-IFRS financial measures. For more information please refer to the “Supplemental Information” section of this press release and the reconciliation tables below.
Mar 12, 2018 02:29 pm ET
Hudson's Bay Announces Brian Gluckstein as New Home Design Ambassador
Well-loved Designer to Expand Role as Home Authority  
Mar 01, 2018 04:30 pm ET
HBC to Report Fourth Quarter and FY2017 Financial Results on March 28
HBC (TSX: HBC) is scheduled to announce full financial results for the fourth quarter and fiscal year ended February 3, 2018 before the opening of the financial markets on March 28, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
Feb 23, 2018 06:06 am ET
HBC Athlete Bursary Recipients Grab Gold at PyeongChang Winter Olympic Games
$2.5M HBC Foundation Program Helps Fuel Success for Canadian Athletes
Feb 09, 2018 06:58 am ET
Team Canada Among Best Dressed at PyeongChang 2018 Opening Ceremony
Hudson's Bay's In-House Design Team Focused on Fashion and Function
Feb 07, 2018 01:44 pm ET
HBC Provides Update on Unsolicited Offer for its German Business
HBC (TSX: HBC) today announced that, after a careful review and consideration conducted in consultation with our financial and legal advisors which included an in-person meeting with SIGNA Holding GmbH and its advisors, its Board of Directors unanimously rejected the unsolicited proposal to acquire the Company's German business and related real es
Feb 05, 2018 11:58 am ET
HBC Appoints Helena Foulkes Chief Executive Officer
HBC (TSX: HBC) today announced that its Board of Directors has appointed Helena Foulkes as Chief Executive Officer, effective February 19, 2018. Foulkes joins HBC from CVS Health, where she served as executive vice president of CVS Health and president of CVS Pharmacy.
Dec 06, 2017 09:13 am ET
HBC Closes U.S. $500 Million Equity Investment by Rhône Capital
HBC (TSX: HBC) and Rhône Capital today announced the closing of the previously announced U.S.$500 million equity investment by an affiliate of Rhône Capital (together with Rhône Group and affiliates, “Rhône”) as part of a global, multi-faceted strategic relationship with Rhône and WeWork Companies (“WeWork”). The net proceeds from the transaction will be used to repay outstanding borrowings on the Company’s asset-based revolving facility, which will reduce interest expense and strengthen HBC’s balance sheet.
Dec 06, 2017 07:00 am ET
Dec 01, 2017 11:41 am ET
HBC Announces Agreement with Land & Buildings
HBC (TSX: HBC) (the “Company”) today announced that it has reached an agreement with Land & Buildings to withdraw its appeal of the Toronto Stock Exchange’s (TSX) decision to conditionally approve the previously announced equity investment by Rhône Capital. HBC has otherwise fulfilled all regulatory requirements to complete the transaction and anticipates closing to take place on or about December 6, 2017.
Nov 27, 2017 07:00 am ET
Hudson's Bay Company Provides Update Regarding Strong Shareholder Support for Rhône Capital Equity Investment
HBC (TSX: HBC) today provided an update in respect of strong shareholder support for Rhône Capital's equity investment of U.S. $500 million (C$632 million) in the form of 8-year mandatory convertible preferred shares, which was previously announced as part of a series of interconnected and strategic transactions with Rhône Capital, WeWork Companies and certain of their affiliates.
Nov 21, 2017 07:30 am ET
HBC to Report Third Quarter 2017 Financial Results on December 6
HBC (TSX: HBC) is scheduled to announce full financial results for the quarter ended October 28, 2017 before the opening of the financial markets on December 6, 2017. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
Nov 15, 2017 05:20 pm ET
Hudson’s Bay Company Responds to Appeal of TSX Conditional Approval for Rhône Capital Equity Investment
HBC (TSX: HBC) today provided a regulatory update in respect of Rhône Capital’s equity investment of U.S. $500 million (C$632 million) in the form of 8-year mandatory convertible preferred shares, which was previously announced as part of a series of interconnected and strategic transactions with Rhône Capital, WeWork Companies and certain of their affiliates.
Nov 07, 2017 04:54 pm ET
Hudson’s Bay Company Confirms Conditional TSX Listing Approval for Rhône Capital, WeWork Property Advisors and WeWork Companies Transactions
HBC (TSX: HBC) today provided an update on the previously announced series of strategic transactions with WeWork Companies (“WeWork”), Rhône Capital (together with Rhône Group and affiliates, “Rhône”), and an affiliate of WeWork Property Advisors (“WeWork Property Advisors”), a joint venture between WeWork and Rhône. HBC’s application to the Toronto Stock Exchange (TSX) relating to Rhone’s equity investment of U.S. $500 million (C$632 million) in the form of 8-year mandatory convertible preferred shares has received conditional approval, subject
Nov 06, 2017 04:30 pm ET
HBC Appoints Milton Pappas to Chief Marketing Officer
HBC or the “Company” (TSX: HBC) today announced the appointment of Milton Pappas to Chief Marketing Officer, effective immediately. In this role, Mr. Pappas will lead the Marketing Center of Excellence (COE), charged with executing the marketing strategies of the Company’s North American retail businesses.
Nov 03, 2017 03:02 am ET
Pentatonix Delights the City of Toronto with Show-Stopping Performance to Celebrate the Unveiling of Hudson's Bay and Saks Fifth Avenue 2017 Holiday Windows
For more media materials please visit: https://www.multivu.com/players/English/8215351-hudsons-bay-saks-2017-holiday-window/ 
Nov 02, 2017 07:30 am ET
Hudson’s Bay Company Responds to Land & Buildings Press Release
HBC (TSX:HBC) today responded to the inaccurate public statements made by Land & Buildings in its press release issued November 1, 2017 regarding the Company’s previously announced strategic transactions involving the sale of the Lord & Taylor Fifth Avenue building and the sale of a minority equity stake to Rhone Capital LLC.
Nov 01, 2017 01:54 pm ET
IIROC Trade Resumption - HBC
TORONTO, Nov. 1, 2017 /CNW/ - Trading resumes in:
Nov 01, 2017 12:47 pm ET
IIROC Trade Resumption - Hudson's Bay Company
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - Trading resumes in:
Nov 01, 2017 12:42 pm ET
HBC Comments on Market Speculation
HBC (TSX: HBC), at the request of Investment Industry Regulatory Organization of Canada (IIROC), is commenting on market speculation regarding an unsolicited offer for its German business.
Nov 01, 2017 12:32 pm ET
IIROC Trading Halt - HBC
TORONTO, Nov. 1, 2017 /CNW/ - The following issues have been halted by IIROC:
Nov 01, 2017 11:28 am ET
IIROC Trade Halt - Hudson's Bay Company
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - The following issues have been halted by IIROC:
Oct 30, 2017 03:16 pm ET
RioCan-HBC Joint Venture to Explore Possible Sale of Vancouver Property
RioCan-HBC JV (“JV”), a joint venture between HBC (TSX: HBC) and RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today that it has engaged CBRE and Brookfield Financial Real Estate Group to explore a possible sale of its Vancouver property located at 674 Granville Street and currently occupied under a long term lease by Hudson’s
Oct 24, 2017 07:30 am ET
HBC and WeWork Enter into Global, Multi-Faceted Strategic Relationship
HBC (TSX:HBC) today announced a series of strategic transactions with WeWork Companies (“WeWork”), Rhône Capital (together with Rhône Group and affiliates, “Rhône”) and an affiliate of WeWork Property Advisors (“WeWork Property Advisors”), a joint venture between WeWork and Rhône, which will create a multi-faceted strategic relationship designed to maximize the productivity and value of HBC’s global real estate assets and position HBC at the forefront of experiential retailing.
Oct 20, 2017 04:30 pm ET
HBC Announces CEO Transition
HBC (TSX: HBC) today announced that Gerald L. (Jerry) Storch has stepped down as Chief Executive Officer, effective November 1, 2017, to return to his advisory firm, Storch Advisors. The Company has retained an executive search firm to recruit a CEO to further enhance HBC’s strategies and take the Company to its next phase of development and growth.
Oct 03, 2017 02:53 pm ET
Aug 26, 2017 04:09 pm ET
66 Days. 2 Oceans. 14,000 kms. 150 Communities. Hudson's Bay reaches Grand Portage goal of raising $1 million in support of Trans Canada Trail's The Great Trail in celebration of Canada's 150th birthd
TORONTO, Aug. 26, 2017 /CNW/ - Today, iconic Canadian retailer Hudson's Bay announced that it has reached its goal of raising $1 million to help support the connection of The Great Trail, created by Trans Canada Trail, through its Grand Portage campaign.
Jul 28, 2017 01:54 pm ET
HBC Releases 2016 Corporate Social Responsibility Report
TORONTO, July 28, 2017 /CNW/ - Today, HBC published its 2016 Corporate Social Responsibility (CSR) Report, outlining the Company's global sustainability and social responsibility efforts in four focus areas: Investing in communities where HBC operates; Contributing to a sustainable environment; Sourcing ethically; and Engaging associates.  With operations around the world, HBC is committed to growth that is sustainable, ethical and good for both people and the planet.
Jul 28, 2017 01:54 pm ET
HBC Releases 2016 Corporate Social Responsibility Report
TORONTO, July 28, 2017 /PRNewswire/ - Today, HBC published its 2016 Corporate Social Responsibility (CSR) Report, outlining the Company's global sustainability and social responsibility efforts in four focus areas: Investing in communities where HBC operates; Contributing to a sustainable environment; Sourcing ethically; and Engaging associates.  With operations around the world, HBC is committed to growth that is sustainable, ethical and good for both people and the planet.
Jul 27, 2017 07:46 pm ET
Hudson's Bay announces new location in Quebec
TORONTO, July 27, 2017 /CNW/ - Hudson's Bay is pleased to announce that it will open a new store in LaSalle, Quebec in Fall 2018. The new one-level store will encompass approximately 129,000 square feet and will be located in the Carrefour Angrignon Shopping Centre.
Jul 14, 2017 07:16 pm ET
HBC Foundation Donates $50,000 to Canadian Red Cross to Support Wildfire Relief Efforts in British Columbia
TORONTO, July 14, 2017 /CNW/ - The HBC Foundation announced today a donation of $50,000 to the Canadian Red Cross to support relief efforts for individuals and families affected by wildfires in British Columbia. The donation will help the Canadian Red Cross provide critical support to people and families in desperate need of assistance.
Jun 08, 2017 05:23 pm ET
IIROC Trade Resumption - HBC
TORONTO, June 8, 2017 /CNW/ - Trading resumes in:
Jun 08, 2017 05:20 pm ET
IIROC Trading Halt - HBC
TORONTO, June 8, 2017 /CNW/ - The following issues have been halted by IIROC:
Mar 02, 2017 12:45 pm ET
Hudson's Bay to Celebrate Canada's 150th Birthday with Grand Portage Fundraising Program
Hudson's Bay to raise funds in support of Trans Canada Trail to connect The Great Trail
Oct 31, 2016 09:30 am ET
PHOTO/VIDEO OP - Hudson's Bay Company Unveils First-in-Canada Robotic Fulfillment Technology at Scarborough Distribution Center; Most Advanced Technology in the Industry
TORONTO, Oct. 31, 2016 /CNW/ - Hudson's Bay Company (HBC) will unveil new state-of-the-art robotic fulfillment technology—an installation that catapults HBC to the forefront of e-commerce distribution—on Friday, November 4th.  The Perfect Pick case shuttle system, installed at HBC's Scarborough Distribution Centre, is the first of its kind in Canada and the largest ever built.
Sep 19, 2016 08:00 am ET
Come Play at Hudson's Bay
RETAILER LAUNCHES SPECIALTY TOY DEPARTMENTS FOR FALL 2016
Sep 13, 2016 10:38 am ET
Madison International Realty Acquires Interest In Hudson's Bay Company Public Equity
NEW YORK, Sept. 13, 2016 /PRNewswire/ -- Madison International Realty and its affiliates ("Madison"), a leading real estate private equity firm and partner in HBS Global Properties, announced that the firm has made an additional investment in Hudson's Bay Company (TSX: HBC).  Madison has acquired 1.3% of Hudson's Bay common stock, in addition to a previous investment of $200 million in HBS Global Properties, in recognition of the attractive value it represents supported by prime retail real estate properties and iconic global retail brands, including flagships Saks Fifth Avenue and Lord &
Jun 20, 2016 11:30 am ET
Hudson's Bay Company Ranked One of 50 Best Corporate Citizens in Canada for Second Consecutive Year
TORONTO, June 20, 2016 CNW/ - Hudson's Bay Company is pleased to announce it has been selected as one of Corporate Knight Magazine's Best 50 Corporate Citizens in Canada, for the second year in a row. The annual ranking, now in its 15th year, sets the standard for corporate citizenship in Canada, recognizing companies that implement responsible business practices based on environmental, social, and governance benchmarks. HBC ranked 43 overall, and is one of only three retailers recognized on the 2015 list.
Jun 01, 2016 08:00 am ET
HBC Foundation and Canadian Olympic Foundation announce $2.5 million grant for Canadian athletes with HBC Athlete Bursary Program
TORONTO, June 1, 2016 /CNW/ - Today, HBC Foundation and the Canadian Olympic Foundation announced a new bursary program which marks a significant commitment to Canadian athletes.  HBC Athlete Bursary Program will award 50 Canadian athletes $10,000 per year beginning in 2016, through to 2020.  This $2.5 million investment will help contribute much needed funding to Olympic hopefuls across Canada.
May 10, 2016 09:00 am ET
Saks Fifth Avenue OFF 5TH announces two new store locations in Canada
Saks OFF 5TH unveils plans for Toronto and Edmonton
May 06, 2016 02:24 pm ET
Hudson's Bay Company Foundation Donates $100,000 to Canadian Red Cross and Mobilizes Customers to Support Wildfire Relief Efforts in Fort McMurray
TORONTO, May 6, 2016 /CNW/ - Hudson's Bay Company (HBC) announced today a donation of $100,000 from the HBC Foundation to the Canadian Red Cross to support wildfire relief efforts currently affecting Fort McMurray, Alberta, and surrounding regions. Furthermore, HBC is empowering Hudson's Bay and Home Outfitters customers to donate their HBC Rewards Points at hbc.com/hbcrewards. HBC will convert all collected points to cash and donate equivalent funds to the Canadian Red Cross Alberta Fires Emergency Appeal. Donations will help the Canadian Red Cross provide critical support to people and fam
Apr 12, 2016 10:08 pm ET
Updated B-ROLL - Hudson's Bay Company launches Team Canada Collection for Rio 2016 Content Centre
TORONTO, April 12, 2016 /CNW/ - Please note a second B-Roll video will be added to the Content Centre following the Facebook Live launch.
Apr 12, 2016 12:42 pm ET
Hudson's Bay Company Launches Team Canada Collection for Rio 2016 Content Centre
TORONTO, April 12, 2016 /CNW/ - A news release, b-roll, athlete interviews and athlete images will be available to view and download through the Content Centre later today.
Mar 21, 2016 03:37 pm ET
Media Alert - Saks Fifth Avenue OFF 5TH Grand Opening: March 24th, 9:30am at Tanger Outlet Ottawa
TORONTO, March 21, 2016 /CNW/ - Saks Fifth Avenue OFF 5TH is pleased to announce the grand opening of its first store in the Ottawa region at Tanger Outlet on Thursday, March 24. Located in the first outlet mall in the area, Saks OFF 5TH delivers a brand new shopping experience to the region. Featuring a compelling mix of more than 800 designer brands, from emerging labels to some of the most notable names in fashion, Saks OFF 5TH caters to the market with on-trend and in-season apparel, footwear, and accessories for men, women, and kids— all at incredible savings. Canada marks the first int
Mar 21, 2016 02:30 pm ET
Hudson's Bay Hosts National Charity Shopping Event in Support of Boys and Girls Clubs of Canada
TORONTO, March 21, 2016 /CNW/ - On Thursday, March 24, Hudson's Bay invites customers to shop the latest spring styles while giving to a worthwhile cause.  Giving Day, an all-day charity shopping event, will take place in all 90 Hudson's Bay stores across Canada and on thebay.com.   
Mar 10, 2016 01:06 pm ET
Saks Fifth Avenue OFF 5TH Celebrates Grand Opening of its first Canadian stores on March 17, 2016
- Leading Off-Price Retailer opens stores at Vaughan Mills, Halton Hills and Niagara-on-the-Lake –