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Retail

WeWork to launch co-working spaces at select Saks stores

Hudson’s Bay Co, the parent company of Saks Fifth Avenue, will be converting some of its department store space into WeWork co-working spaces. This comes as more companies are looking for hybrid models of combining remote work with office space, and are taking a different approach from leasing long-term office space. Five co-working office...

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BusinessFeatured

HBC sells Lord & Taylor flagship to WeWork for 850 million dollars

The Hudson's Bay Company (HBC) has sold Lord & Taylor, the oldest luxury department store in the US to WeWork Companies. On Tuesday HBC announced a series of strategic transactions with WeWork Companies, Rhône Capital and an affiliate of WeWork Property Advisors, a joint venture between WeWork and Rhôn. The deals include an equity investment by...

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