Ceo jerry storch said the purchase is key to hudsons bays goal of become a. An austrian property and retail group has made an offer to buy hudsons bay co. Hudson s bay bags big profit on german department store deal by lisa fickenscher. May 24, 2015 canadian retailer hudson s bay hbc will likely decide by early june whether to submit a bid to buy german department store chain kaufhof from the metro group, two people familiar with the matter. Shop famous brands in womens and mens fashion, the latest styles for the home, new trends in beauty and hudsons bays iconic stripes with the ease and convenience of your iphoneipad. Heres how hudsons bay company is reinventing itself as a. Hudson s featured more than 200 departments across an incredible 49 acres of floor. Heres how hudsons bay company is reinventing itself as a digital institution. Hudsons bay company has entered into a deal that will result in the merger of germanys two biggest department store chains galerie kaufhof and karstadt and help the canadian retail. Toronto saks fifth avenue will make its debut in europe as part of hudsons bay co.
An austrian property and retail group has made an offer to buy hudson s bay co. Hbc merges europe retail ops with germanys karstadt law360. It has already cut jobs and partnered with walmart inc. Two of the most storied names in german department stores are combining in a deal orchestrated by an austrian real estate billionaire, highlighting the pressures facing traditional retailers amid. Alberta british columbia manitoba new brunswick newfoundland and labrador northwest territories nova scotia nunavut ontario prince edward island quebec saskatchewan yukon. The hudsons bay company department store is an historic building in victoria, british columbia, canada. The store was spread out over 32 floors, and at 410 feet, hudson s was the tallest department store in the world. Hudsons bay in joint venture with german department store. Complete list of hudsons bay company hbc locations. It is currently being used as a public market space. In conjunction with the closing, hbs global properties, hbcs real estate joint venture with simon. A man exits a hudsons bay department store in toronto, ontario, canada june 6, 2016. Hotels near hudsons bay amsterdam department store.
The chain uses both the english and french versions of the name in some. Hudsons bay outlet will anchor the new premium outlet mall at hwy 401 and trafalgar road, and feature hundreds of brand name fashions, footwear and accessories. Hudsons bay brings two german department stores together. Hudsons bay deal joins german department stores finance. Hudsons bay is said to be bidding for kaufhof against austrian real estate company signa, owner of fellow german department store chain karstadt, with unofficial offers pegged at.
Hudsons bay addresses rumors its selling its german. This asset was based off this location in oshawa, on. Hudson s bay has purchased the german retailer galeria kaufhof in the first real estate acquisition under its joint venture with simon properties. The deal is expected to close by the end of the third quarter.
Hudsons bay nederland aalmarkt 22, leiden department store in leiden, netherlands. See 12 photos and 1 tip from 512 visitors to hudson s bay. Hudsons bay investor suggests it should mimic or join. Shop hudson s bay for handbags, womens and mens clothing and shoes, and housewares. Aug 20, 2014 hudsons bay describes itself as canadas iconic department store and is perhaps comparable to nordstrom or macys in the u. Hbc announced the deal monday morning, saying it had entered into an agreement to acquire galeria. Since then the company has continued to expand its retail assets and gain momentum within the industry as a retail group.
Hbc hbc or the company announced today that it has entered into a definitive agreement with metro ag db. Reuterschris helgrenfile photo we stand 100 percent behind galeria kaufhof, a german spokesman for. Hudsons bay is boosting investment in ecommerce, store renovations and new stores. The company originally began as a fur trading outpost before transforming into a department store, with 90 locations currently.
Sep 30, 2015 since october 1, 2015, galeria kaufhof group is part of the premier global department store retailer hudsons bay company tsx. It is the main brand of hudsons bay company which is north americas oldest company. Hudsons bay, one of canadas most iconic department stores, recently announced that it has purchased the german galeria kaufhof department store chain for 2. Hudsons bay steps outside canada with its flagship. View all hotels near hudsons bay amsterdam department store on tripadvisor. Hudsons bay deal brings german department stores together. Metro agrees to sell germanys kaufhof to canadas hudsons bay. Hudson s bay company has entered into a deal that will result in the merger of germanys two biggest department store chains galerie kaufhof and karstadt and help the canadian retail. The bay is the department store division that concentrates on apparel and accessories in the mid to upper price range.
Hudsons bay is a chain of canadian department stores founded 348 years ago, in 1670. Hudsons bay, signa sign german department store jv. Hudsons bay gets offer for its german retail chain chain. London hudsons bay, the owner of us retailer saks fifth avenue, is buying germanys biggest department store chain, galeria kaufhof for 2. Hudsons bay says german department stores will significantly boost sales david friend, the canadian press september 30, 2015 toronto hudsons bay co. Hudsons bay receives offer for galeria kaufhof stores from. What is the disturbing news at hudsons bay company german. Hudsons department store on woodward avenue was more than just a storeit was a detroit icon and a worldclass cultural treasure. List of historic places in victoria, british columbia. Jun 15, 2015 the purchase from german conglomerate metro group also includes the belgian department store chain galeria inno. Attractions near hudsons bay amsterdam department store.
View all attractions near hudsons bay amsterdam department store on tripadvisor. Hudsons bay company is the oldest commercial corporation in north america and is canadas largest diversified general merchandise retailer. Hudson s bay has agreed to sell about half of its european business to austrias signa holding in a deal that will bring together two major german department store chains, according to media. Hudsons bay describes itself as canadas iconic department store and is perhaps comparable to nordstrom or macys in the u. Hudsons bay gets offer for its german retail chain. Hudsons bay opens first outlet store in canada hudsons. Toronto, august 1, 20 hudsons bay company is excited to announce today the opening of the first ever hudsons bay outlet store, located in the gta. Hudsons bay formerly and still colloquially known as the bay is a chain of department stores that operate in canada.
Shop hudsons bay for handbags, womens and mens clothing and shoes, and housewares. Hudsons bay bags big profit on german department store deal. Hudsons bay company to acquire galeria holding, parent of. Hudsons bay to buy german department store chain galeria. Kaufhof says it has 96 stores in germany, plus 16 in belgium, while karstadt has 83 in germany, according to its website. It makes it difficult fvor the company to buy seasonal goods. Hudsons bay acquires german departmentstore parent.
Hbc acquires german department store chain galeria kaufhof. The hudsons bay company began life in london, england, almost 350 years ago in 1670. At 25 stories, it was the worlds tallest department store, and was at one time home to the most exceptional offerings in shopping, dining, services, and entertainment. It is the main brand of the hudsons bay company hbc, north americas oldest company. Benko has long wanted to merge the brands, having had an overture benko has long wanted to merge the. Hudsons bay near deciding on bid for german retailer kaufhof. Hudsons bay amsterdam department store 2020 all you. In an article titled the invasion of the knowitall, manager magazine, the german business publication, published an indictment of hudson s bay company. Select your province from the list below to see all hudsons bay and home outfitters locations near you. Jul 28, 2017 some disturbing news ab out hbcs german division kaufhof. Hudsons bay signals no interest in selling galeria kaufhof. Jun 16, 2015 hudsons bay to buy german department store london hudsons bay, the owner of us retailer saks fifth avenue, is buying germanys biggest department store chain, galeria kaufhof for 2. Unfollow hudson s bay store to stop getting updates on your ebay feed.
Hudsons bay company has finalized the acquisition of galeria holding, the parent company of germanys leading department store galeria kaufhof kaufhof and belgiums only department store, galeria inno inno, for an enterprise value of 2. Feb 23, 2016 in an article titled the invasion of the knowitall, manager magazine, the german business publication, published an indictment of hudsons bay company. Hudson s flagship store, on woodward avenue in downtown detroit demolished october 24, 1998, was the tallest department store in the world in 1961, and, at one time, claimed to be the secondlargest department store, after macys, in the united states, by square footage. Hudsons bay buys germanys largest department store chain. Hudsons bay bags big profit on german department store deal by lisa fickenscher. The purchase from german conglomerate metro group also includes the belgian department store chain galeria inno. Unfollow hudson bay store to stop getting updates on your ebay feed. Complete list of hudson s bay company hbc locations hudson s bay company is the oldest commercial corporation in north america and is canadas largest diversified general merchandise retailer.
Their online store attracts between 2 and 3 million visitors each month. Hbc said it has received an incomplete, nonbinding and unsolicited offer. Germanys kaufhof gets new approach from austrian developer. Some disturbing news ab out hbcs german division kaufhof. Shop online and enjoy it on your iphone, ipad and ipod touch. Nov 01, 2017 hbc confirmed it has received an unsolicited offer from signa holding gmbh to acquire its german business and other real estate assets. Hudsons bay company to open up to 20 new stores in the. The bay is the department store division that concentrates on apparel and accessories in. Last month, the journal reported hudsons bay is considering selling off. The acquisition includes the kaufhof business, which operates in germany and belgium, and real estate in both countries. Entering tough german market risky move for hudsons bay. Shares of rival department store chains macys and nordstrom have declined in tandem with hudsons bay since 2015. Jun 15, 2015 germanys metro said on monday it was selling its galeria kaufhof chain to canadian department store operator hudson s bay for 2.