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...

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...

Retail

Hudson's Bay launches new iOS app

Canadian department store chain Hudson's Bay has launched a new bilingual iOS app that features functionality for customers shopping online as well as those shopping in store. The key features of the app include a curated homepage showing latest brands and new arrivals, a saved favourites section and a barcode-scanning feature allowing customers...

Business

HBC in talks to go private

After shuttering Lord & Taylor, selling off Gilt, and working to keep Saks competitive in an increasingly crowded retail field with more luxury e-commerce players popping up, Hudson's Bay Co. is now considering going private. Richard Baker, the executive chairman of Saks, is now leading a bid to take the retail company private. Baker, along with...

Fashion

Hudson’s Bay expands partnership with Jessica Mulroney

Canadian department store chain Hudson’s Bay is expanding its partnership with stylist Jessica Mulroney by naming her its fashion and bridal specialist with the aim of driving its fashion and bridal businesses. Mulroney is widely regarded as one of Canada's most notable stylists and fashion influencers and her new role will see her consulting...