A handful of top shareholders are buying the storied multinational retail giant, after aggressive turnaround efforts failed to boost Hudson's Bay's stock price.
News & Analysis: Hudson's Bay Company
The luxury retail icon may survive its August bankruptcy filing, but perhaps only as a department within Saks Fifth Avenue stores.
The multinational department store conglomerate has nearly completed its exit from Europe.
While some challenges are fading for the struggling department store group, new ones are materializing just as quickly.
A small fashion-rental start-up is buying the oldest major department store chain in the United States.
The department store group's board of directors isn't going to sell the company at a rock-bottom price -- no matter how bad the retail apocalypse seems to be.
An attempt by the struggling retailer's chairman and several other major shareholders to take Hudson's Bay private is likely to fail unless the would-be buyers are willing to raise their offer.
The luxury retailer's sales and profitability are falling once again -- and it's set to face tougher competition in one key market starting this year.
The multinational department store conglomerate is downsizing once again -- and its top shareholders want to take the company private.
The struggling department store chain can't afford to keep operating stores in failing malls.