In the U.S., HBC entered into an agreement with Simon Property Group valued at $1.8 billion and in Canada with RioCan Real Estate Investment Trust valued at C$2 billion ($1.6 billion).
MaryAnne Morin has been promoted to chief merchant of the HBC Department Store Group.
Hudson’s Bay Company narrowed its loss and doubled its revenue in the third-quarter, helped by its Saks division.
HBC has named Ian Putnam EVP and chief corporate development officer, making formal a relationship the company has had with him since 2008.
Hudson’s Bay Company announced a $1.25 billion 20-year mortgage on the ground floor of the Saks flagship in Manhattan today.
Hudson’s Bay Company has signed leases with Brookfield Property Partners for a Saks Fifth Avenue store, a Saks Off Fifth flagship and 400,000 sq. ft. of office space.
The Wall Street Journal reports that Saks owner Hudson’s Bay is in talks for downtown retail and office space.