Reuters: Hudson’s Bay looking to turnaround Lord & Taylor
Lord & Taylor’s mediocre performance of late has its parent company on alert.
Hudson’s Bay is working with investment bankers and consultants to identify deals and other measures to help revive its 50-store Lord & Taylor business, reported Reuters.
While the Canadian department store giant is also open to divesting Lord & Taylor, such an outcome is unlikely given the scarcity of potential buyers that would pay top dollar for the chain in today’s retail environment, the report said.
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Hudson’s Bay is working with investment bankers and consultants to identify deals and other measures to help revive its 50-store Lord & Taylor business, reported Reuters.
While the Canadian department store giant is also open to divesting Lord & Taylor, such an outcome is unlikely given the scarcity of potential buyers that would pay top dollar for the chain in today’s retail environment, the report said.
Click here to read more.