Saks Fifth Avenue's parent company, Hudson's Bay Co., is being pressured to get more value out of its real estate.
The pressure is growing for Hudson's Bay Co. to raise shareholder value.
With HBC's stock price sinking, Land & Buildings Investment Management LLC sent a public letter to HBC's board of directors to "evaluate all strategic alternatives to maximize shareholder value." Land & Buildings holds 4.3 percent of Hudson's Bay shares.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)