We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 8, 20204:54am

Hudson’s Bay reshuffles its helm hours before going private

Richard Baker will relieve Helena Foulkes as CEO while the Canadian chain prepares to go private at the end of the day.

Mar 4, 2020 — 4:03pm
MDS
Save

Hudson’s Bay reshuffles its helm hours before going private

 

 

Hudson’s Bay reshuffles its dome. The current CEO, Helena Foulkes, will leave the company on March 13 and will be replaced by Richard Baker. This movement takes places within the context the group’s decision to exit the stock market at the end today.

 

Richard Baker has served occupies the position of CEO for the US group. His predecessor, Foulkes, was the vice president of CVS Health and president of CVS Pharmacy prior to joining the group in 2018.

 

Hudson’s Bay will leave the Toronto Stock Exchange at the close of today. The company, which also owns Saks Fifth Avenue, completed the agreement by setting the purchase of the shares at eleven Canadian dollars.

 

Once the departure is effective, the company will be private and under the control of Baker and a group of four shareholders: Rhône Capital LLC, WeWork Property Advisors, Hanover Investments and Abrams Capital Management.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...