367
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
By
Reuters
Published
Jun 19, 2017
Download
Download the article
Print
Text size

Hudson's Bay rallies as activist asks it to explore options

By
Reuters
Published
Jun 19, 2017

Shares of retailer Hudson's Bay Co climbed as much as 17 percent on Monday after U.S. activist investor Land & Buildings Investment Management LLC called for the Saks Fifth Avenue owner to explore strategic options, including going private.


Saks Fifth Avenue



Hudson's Bay, which for five consecutive quarters has reported declines in sales at established stores, said it was reviewing a letter from Land & Buildings, which owns a 4.3 percent stake in the company.

The Canadian retailer's shares hit a record low on Friday, having lost a third of their value so far this year, amid the disappointing results and after it announced a major restructuring plan earlier this month that includes 2,000 job cuts.

In a letter to the board of Hudson's Bay, Land & Buildings founder Jonathan Litt called on the company to consider going private or selling its vast real estate holdings.

"With a modest market cap of $1.2 billion, and insider ownership of about 20 percent, a go-private transaction could be readily financed," Litt said in the letter.

Land & Building said the real estate assets were worth C$35 per share, nearly four times Hudson's Bay's closing price on Friday.

The stock was up 15.8 percent at CS10.28 in morning trading after rising as high as C$10.45.

Hudson's Bay's real estate portfolio includes its Saks Fifth Avenue flagship store in New York, valued at $3.7 billion in 2014, and its Lord & Taylor flagship, valued at $655 million in 2016, according to the company.

© Thomson Reuters 2024 All rights reserved.