The Hudson's Bay Company has removed a plaque from the company's flagship store in downtown Montreal that commemorates Jefferson Davis, who was president of the Confederate States during the American Civil War.
Hudson's Bay Co is planning to open its first namesake department store in Canada in at least five years, the company confirmed on Thursday, even as other competitors are shuttering stores in a brutal retail market.
On July 31, an activist shareholder from the United States threatened to initiate a movement to remove board members of Hudson's Bay Co. (TSX:HBC) if the company did not move to sell real estate and explore options outside its retail operations.
Jonathan Litt, the U.S. fund manager pushing for change at Hudson's Bay Co., has big plans for the iconic retailer. But the activist investor faces an uphill battle in getting the company's management on his side.
According to German newspapers, Hudson's Bay is facing some big issues with this chain, and I fear that poses a new crisis to the company and its international operations. According to German press reports, the Galeria Kaufhof is in commercial ...