
U.S. department store chain Lord & Taylor is set to close two dozen stores, as it continues to search for a buyer to restructure under Chapter 11 bankruptcy protection.
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U.S. department store chain Lord & Taylor is set to close two dozen stores, as it continues to search for a buyer to restructure under Chapter 11 bankruptcy protection.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
Following the departure of its CEO and the privatization of the company in March, Canadian retailer Hudson’s Bay Company (HBC) is set to watch its chief financial officer leave the business.
As the Canadian retailer announced that it has completed its privatization transaction, it was also revealed that CEO Helena Foulkes will be stepping down, to be replaced by executive chairman Richard Baker.
Following months of negotiations, Hudson’s Bay Company shareholders voted overwhelmingly in favor of a deal to take the Canadian company private at a special meeting held on Thursday.
Three leading proxy advisory firms have recommended that HBC shareholders vote in favour of the deal that would see a group led by the company’s executive chairman, Richard Baker, take the retailer private.
Hudson’s Bay Company announced on Monday that it has appointed Nordstrom and Kohl’s vet Paige Thomas as the new president of its off-price Saks Off 5th business.
Nairn most recently served as chief executive officer of Kikki.K, a global Swedish design and stationery business.
The department store operator has announced the postponement of a special meeting of shareholders involving a vote on the proposal to take the company private, raising questions about whether the deal will go ahead.
Under its new owner, Le Tote, Lord & Taylor is making its way back to New York via a pop-up shop in SoHo.