Retail News

Offer by Hudson’s Bay chairman to acquire retailer called ‘woefully inadequate’

Business of Fashion 08/03/2019

A special panel convened by Hudson’s Bay Co. to review a $1.74 billion (Canadian) buyout offer by a group led by current chairman Richard Baker has been called “woefully inadequate” by activist shareholder Jonathan Litt, who has called upon the company’s board to evaluate the value of its real estate holdings and retail businesses.

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