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Hudson's Bay Co (HBC.TO)

HBC.TO on Toronto Stock Exchange

7.63CAD
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

German Regulator Approves Merger Kaufhof, Karstadt
Friday, 9 Nov 2018 

Nov 9 (Reuters) - German Federal Cartel Office::SAYS APPROVES MERGER OF HUDSON'S BAY CO'S HBC.TO KAUFHOF, SIGNA'S KARSTADT.  Full Article

HBC To Focus On Driving Better Performance Of North American Business: CEO
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY CFO SAYS EUROPEAN JV RETAIL EBITDA EXPECTED TO BE HIGHER THAN KAUFHOF STANDALONE EBITDA.HUDSON'S BAY EXPECTS "LIMITED" STORE CLOSURES FROM EUROPE JV - HBC CEO.HBC FOCUS IN COMING MONTHS TO BE ON DRIVING BETTER PERFORMANCE OF NORTH AMERICAN BUSINESS: CEO FOULKES.  Full Article

HBC Provides Update On Lord & Taylor Fifth Avenue Building Sale
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Hudson's Bay Co ::HBC PROVIDES UPDATE ON LORD & TAYLOR FIFTH AVENUE BUILDING SALE.HUDSON'S BAY CO - CLOSING DATE OF SALE HAS BEEN EXTENDED FROM AUGUST 10, 2018 TO NOVEMBER 13, 2018.HUDSON'S BAY CO - MAY ALSO ELECT TO EXTEND CLOSE TO FEBRUARY 11, 2019 BY PROVIDING NOTICE TO WPA.  Full Article

HBC Says Has Not Signed A Binding Agreement To Sell Or Combine Its European Business
Friday, 6 Jul 2018 

July 6 (Reuters) - Hudson's Bay Co ::HBC RESPONDS TO RECENT MARKET RUMOURS REGARDING ITS EUROPEAN BUSINESS.HBC- HAS NOT SIGNED A BINDING AGREEMENT TO SELL OR COMBINE ITS EUROPEAN BUSINESS OR PROPERTIES.HUDSON'S BAY CO - IS IN DISCUSSIONS WITH SIGNA HOLDING GMBH.HUDSON'S BAY CO - HAS SIGNED A NON-BINDING LETTER OF INTENT WITH RESPECT TO EXPLORATION OF A POTENTIAL JOINT VENTURE.  Full Article

Hudson's Bay Q4 Earnings Per Share $0.39
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Hudson's Bay Co ::HBC REPORTS FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS.HUDSON'S BAY CO - Q4 RETAIL SALES INCREASED 2.1% TO $4.7 BILLION; COMPARABLE SALES DECLINED BY 2.4%.HUDSON'S BAY CO QTRLY SAKS FIFTH AVENUE COMPARABLE SALES INCREASED 2.1%.HUDSON'S BAY CO - INVENTORY AT END OF Q4 DECLINED BY $9 MILLION COMPARED TO PRIOR YEAR.HUDSON'S BAY CO QTRLY EARNINGS PER SHARE $0.39.HUDSON'S BAY CO - MANAGEMENT EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2018, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $450 MILLION AND $500 MILLION.  Full Article

Hudson's Bay Reports Q3 Retail Sales Decreased 4.2 Pct TO $3.2 Bln
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Hudson's Bay Co ::- Q3 RETAIL SALES DECREASED 4.2% TO $3.2 BILLION; COMPARABLE SALES ON A CONSTANT CURRENCY BASIS DECLINED BY 3.2%.SAYS CO'S "TRANSFORMATION PLAN" REMAINS ON TRACK TO GENERATE ANNUAL SAVINGS OF $350 MILLION.QTRLY LOSS PER SHARE $1.33.- MANAGEMENT NOW EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2017, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $575 MILLION AND $625 MILLION.Q3 EARNINGS PER SHARE VIEW C$-0.74, REVENUE VIEW C$3.41 BILLION -- THOMSON REUTERS I/B/E/S.- INVENTORY AT END OF Q3 DECLINED BY $64 MILLION COMPARED TO PRIOR YEAR.  Full Article

Hbc Announces Agreement With Land & Buildings
Friday, 1 Dec 2017 

Hudson's Bay Co ::HBC ANNOUNCES AGREEMENT WITH LAND & BUILDINGS.HUDSON'S BAY - REACHED AGREEMENT WITH LAND & BUILDINGS TO WITHDRAW APPEAL OF TSX DECISION TO CONDITIONALLY APPROVE EQUITY INVESTMENT BY RHÔNE CAPITAL.HUDSON'S BAY CO - LAND AND BUILDINGS PROVIDED CUSTOMARY STANDSTILL IN FAVOUR OF HBC FOR PERIOD EXTENDING THROUGH HBC'S 2018 ANNUAL GENERAL MEETING.HBC - IF IT ISSUES EQUITY IN DEAL THAT WILL TRIGGER 1-YEAR PRICE PROTECTION, IT WILL DO SO THROUGH RIGHTS OFFERING TO ITS SHAREHOLDERS ON PRO RATA BASIS.HUDSON'S BAY CO - HBC CURRENTLY DOES NOT ANTICIPATE THAT PRICE PROTECTION PROVISIONS WILL BE TRIGGERED​.  Full Article

Hudson's Bay Provides Update Regarding Strong Shareholder Support For Rhone Capital Equity Investment
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY COMPANY PROVIDES UPDATE REGARDING STRONG SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL EQUITY INVESTMENT.HUDSON'S BAY CO - ‍SHAREHOLDERS REPRESENTING ALMOST TWO-THIRDS OF HBC'S OUTSTANDING COMMON SHARES HAVE NOW CONFIRMED THEIR SUPPORT FOR THE TRANSACTIONS​.HUDSON'S BAY- ‍PROVIDES UPDATE ON SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL'S $500 MILLION EQUITY INVESTMENT OF 8-YEAR MANDATORY CONVERTIBLE PREFERRED SHARES​.  Full Article

Hudson’S Bay Company responds to appeal of TSX conditional approval for Rhône Capital Equity Investment
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Hudson's Bay Co :Hudson’S Bay Company responds to appeal of tsx conditional approval for Rhône Capital Equity Investment.Provided update related to Rhône Capital's Equity Investment of U.S. $500 million in form of 8-year mandatory convertible preferred shares​.Hudson's Bay says received notice of an appeal by land & buildings regarding TSX decision to conditionally approve Rhône Capital's Equity Investment​.Hudson's Bay says "‍will seek to have tsx decision confirmed" regarding Rhône Capital's Equity Investment​ and "appeal dismissed on an expedited basis".Hudson's Bay says ‍will continue to proceed with fulfilling all regulatory requirements to close Rhône Capital's Equity Investment​.  Full Article

HBC appoints Milton Pappas to chief marketing officer
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Hudson's Bay Co :HBC appoints Milton Pappas to Chief Marketing Officer.Hudson's Bay Co - ‍Pappas joined HBC in September 2016 as senior vice president, digital marketing​.  Full Article

Deals of the day-Mergers and acquisitions

Nov 9 The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday: