American Buyout Of Hudson's Bay Co.

Posted on Friday, January 27 at 10:44 by Anonymous
However, Canadian retail analysts were considerably more restrained. To Maureen Atkinson, of J.C. Williams Group, the deal could prove to be a classic case of "be careful what you wish for." "There are a few cases of department stores being turned around," she said. "But in North America, they are few and far between." Industry analysts insist the company will have to slim down and give its stores a distinct identity. Yesterday morning, HBC's board of directors unanimously endorsed Zucker's roughly $1.7-billion bid for the iconic company - Canada's largest retailer and oldest corporation.


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