HBC has announced HBC Properties and Investments (HBCPI), an investments and real estate business to supervise, optimize and improve the firm’s asset collection. HBC, whose portfolio firms include retailers such as Hudson’s Bay, owns or manages 40 million square feet of gross leasable space throughout...
As consumers shift their spending from brick-and-mortar stores to eCommerce sites, iconic American fashion and houseware brands are shuttering their flagship stores. Lord & Taylor, for example, plans to close its store on Manhattan’s swanky Fifth Avenue, CBS reported. That decision came after the retailer...
Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today’s stories include details about Amazon’s new plans for India, Apple’s new Face ID setting and why Ant Financial is shifting focus. There is also news about the...
WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan location for $850 million. According to a report in Fortune, the deal will lower HBC’s debt levels and give WeWork...
October 21, 2020
HBC has announced HBC Properties and Investments (HBCPI), an investments and real estate business to supervise, optimize and improve the firm’s asset collection. HBC, whose portfolio firms include retailers such as Hudson’s Bay, owns or manages 40 million square feet of gross leasable space throughout North America completely or via joint venture partners, according to […]
October 25, 2017
WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan location for $850 million. According...
February 10, 2016
A month after acquiring Gilt, Saks is getting it into its stores. As Fortune reports, Hudson’s Bay Co. (HBC), which owns Saks Fifth Avenue, acquired the eCommerce brand Gilt in...
May 11, 2015
The U.K. is still feeling the reverberations of last week’s election results, and policymakers and the business community are now waiting to see how a Conservative victory will impact their...
