Hudson's Bay Co. news and archive

HBC names Michael Culhane CFO

HBC L.P., the parent company of Saks Fifth Avenue, has appointed Michael Culhane as chief financial officer of HBC. Culhane brings more than 30 years of finance and accounting experience primarily in the retail sector. Most recently, Culhane served as chief financial officer at ULINE, Inc., a privately-held shipping and industrial supplies...

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Authentic Brands Group announces success in acquiring Barneys New York

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, which includes Barneys, FiveSeventyFive,...

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Barneys could be saved by Authentic Brands-Saks Fifth Avenue deal

Luxury US department store Barneys is reportedly nearing a roughly 270 million dollar deal to be sold to licensing firm Authentic Brands Group (ABG), according to sources close to the matter. The deal, which was first reported by The Wall Street Journal, would see ABG license the brand to Hudson’s Bay Co, the owner of department store chain Saks...

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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...

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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...