A deal for Hudson’s Bay Company is finally close, but is Canada’s oldest retailer worth saving?

The Financial Post takes a look at 11 people and companies we’ll be watching closely in the new year. It is 4 p.m., precisely a week before Christmas at a Hudson’s Bay store at the corner of Yonge and Bloor in downtown Toronto. The area is one of the city’s biggest shopping destinations during the […]

Hudson’s Bay Co’s take-private deal falls short in shareholder support, sources say

Saks Fifth Avenue owner Hudson’s Bay Co has fallen short of securing enough shareholder support for a $1.9 billion deal to take the department store operator private, people familiar with the matter said on Friday. A buyout consortium of Hudson’s Bay investors led by its Executive Chairman Richard Baker did not win enough votes from […]

How much is Saks flagship store worth? $2.7 billion less than it was 5 years ago, says new appraisal

Hudson’s Bay Co.’s real estate holdings — once considered the brightest spot in a sagging department store empire — are worth a fraction of previous estimates, according to new appraisals released Tuesday as part of a bid to take the company private. The documents suggest the value of HBC’s real estate has fallen from $35.24 […]