Activist investor Land & Buildings resumes criticism of HBC: Reuters
Activist investor Land & Buildings this week resumed its criticism of Canadian department store owner Hudson’s Bay Co, urging it to correct its under-performance and extract value from its substantial real estate holdings, Reuters reported. The hedge fund agreed in December to cease public statements about the company until its shareholder meeting on June 12. Now, Land & Buildings founder Jonathan Litt is again pushing HBC to boost its share price, which is below the value of its assets following a run of earnings disappointments, and to monetize its prime property assets.
21 June 2018•2 mins read
