Hudson's Bay news and archive

Ann Taylor and Loft return to Canada through Centric Brands partnership

KnitWell Group brands Ann Taylor and Loft have struck up a new agreement with Centric Brands that will see them make a return to Canada through exclusive retail partner, Hudson’s Bay. The womenswear labels exited the region in 2020 after their former parent company, Ascena, filed for bankruptcy in the US. Now under new ownership, Ann Taylor and...

Fashion |Beauty

Naomi Watts’s Stripes Beauty to launch in Canada

The beauty and wellness brand Stripes Beauty, launched by actress Naomi Watts in 2022 and acquired in June by investment firm L Catterton, is expanding into Canada. Stripes Beauty is a pro-ageing wellness and beauty brand aiming to eliminate the stigma, shame and anxiety often associated with menopause while offering science-backed vaginal...

Business

Hudson’s Bay officially confirms Neiman Marcus takeover

Following a slew of media reports on the matter, Hudson’s Bay Company (HBC) has officially confirmed its acquisition of Neiman Marcus Group (NMG), the parent company of Neiman Marcus and Bergdorf Goodman. The long-anticipated transaction amounted to 2.56 billion dollars, and will result in the establishment of Saks Global, a combined portfolio...

BusinessFeatured

Saks parent company acquires Neiman Marcus, Amazon to be investor

In what has been a long-winded back-and-forth that has spanned multiple years, it is now believed that department store powerhouses Saks Fifth Avenue and Neiman Marcus Group are finally set to merge. According to multiple media reports, Saks parent company Hudson’s Bay Co. (HBC) has secured an agreement to purchase Neiman Marcus Group for a...

Business

Hudson's Bay owner and BB Kapital snap up German department store Galeria

NRDC Equity Partners, the New York-based parent company of Hudson’s Bay, and BB Kapital SA, the investment firm of businessman Bernd Beetz’s family, have come together to acquire German department store firm Galeria Karstadt Kaufhof GmbH. The consortium have joined hands as part of Galeria’s insolvency plan, with the company’s administrator...

Business

Hudson’s Bay officially goes fur-free

Department store chain company Hudson’s Bay has finally gone fur free after being subject to years of pressure from the People for the Ethical Treatment of Animals (PETA). The Canadian group, which operates a series of luxury retailers, including Saks Fifth Avenue, and online platform ‘The Bay’, will implement the move throughout its entire...

Business

The Bay names new president after Iain Nairn announces retirement

The Bay’s president and CEO Iain Nairn has announced he will be retiring from the company in January 2023. In his place, the retail group has already named Sophia Hwang-Judiesch as the new president of both The Bay and its subsidiary Hudson’s Bay, overseeing the store and digital businesses. Hwang-Judiesch was initially appointed president of...

Business

Hudson’s Bay names Nadira Singh as chief financial officer

Canadian retailer Hudson’s Bay has announced the appointment of Nadira Singh as its chief financial officer, effective May 2. Singh will report directly to president of Hudson’s Bay, Wayne Drummond, who said in a release: “As we evolve our stores to be destinations of discovery for our customers, I am delighted to welcome Nadira to the Hudson’s...

Business

Kohl’s confirms its reviewing multiple preliminary offers

US department store chain Kohl’s Corporation has confirmed it has received “multiple” preliminary indications of interest, further pushing the possibility of a buyout for the company. In a press release, Kohl’s said the proposals were non-binding and without committed financing. Goldman Sachs has been authorised by the board to coordinate with...

Business

The Bay names new chief customer officer

Digital fashion platform The Bay has announced the appointment of Alexander Meyer as chief customer officer. Meyer has been tasked with managing the ongoing transformation of the company’s integrated marketing, media and customer success strategies, with a particular focus on high growth, brand and personalisation. He will oversee brand...

Fashion Featured

Hudson’s Bay invests 30 million dollars in new social impact platform

Hudson’s Bay has launched a new social impact platform, called Hudson’s Bay Charter for Change, which aims to accelerate racial equity and inclusion in the fashion retailer’s home country of Canada. The platform has been launched through the Hudson Bay Foundation with a commitment of 30 million Canadian dollars over the coming 10 years. It will...

People

Hudson’s Bay appoints Iain Nairn as President

Hudson’s Bay has appointed Iain Nairn as President, effective January 12th, 2020. The company said in a statement that a highly-accomplished retail executive, Nairn has a remarkable track record of driving profitable growth and transformational change at a wide variety of retailers, from specialty to department store formats. He reports directly...