STAMFORD, Conn. - The board of Hudson's Bay Co. (TSX:HBC) is facing investor pressure to get more value from its real estate assets, even if that means closing stores including its "crown jewel" locations. Land & Buildings Investment Management of Stamford, Conn., says in a public letter that HBC's Saks Fifth Avenue store in Manhattan is worth more than the company as a whole at current stock prices. It estimates that the Saks flagship location ...
06-19-2017, 10:44 PM
HBC urged to cash in 'crown jewels'
STAMFORD, Conn. - The board of Hudson's Bay Co. (TSX:HBC) is facing investor pressure to get more value from its real estate assets, even if that means closing stores including its "crown jewel" locations. Land & Buildings Investment Management of Stamford, Conn., says in a public letter that HBC's Saks Fifth Avenue store in Manhattan is worth more than the company as a whole at current stock prices. It estimates that the Saks flagship location ...
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