Hudson’s Bay Company news and archive

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...

Business

Hudson’s Bay Company postpones its special shareholders’ meeting ahead of privatisation

New York - Hudson’s Bay Company (TSX: HBC) announced Monday that it has postponed its special meeting of shareholders called to consider the agreement they entered into with Rupert Acquisition LLC on October 20, 2019 pursuant to which HBC will become a private company. If approved, this arrangement would see the retail conglomerate turned into a...

Design

Hudson's Bay promotes Donald Watros

Hudson’s Bay Company has promoted current chief operating officer Donald Watros to president of HBC, a new role with more responsibilities, effective February 1, 2014. Watros, who joined the Canadian department store group in 2009, will continue to report to CEO Richard Baker, and will continue to run HBC and its businesses through the Office of...

Fashion

Harrods boss Marigay McKee leaving for Saks

Marigay McKee, chief merchant at Harrods, has been confirmed as the new president of Saks Fifth Avenue, following Hudson’s Bay Company’s acquisition of the American retailer. The appointment will take effect shortly after completion of HBC’s acquisition of Saks, which is expected to close before the end of the year. "Marigay McKee's experience...