HBC seeks to revive Lord & Taylor's fortunes: Reuters
Hudson’s Bay Co is working with investment bankers and consultants to identify deals and new measures to turn around its Lord & Taylor department store chain, once the cornerstone of its retail empire, sources told Reuters. The Canadian retailer has been working with investment bank PJ Solomon Co for advice on potential deals regarding its department store portfolio, and is also working with consulting firm AlixPartners LLP on cutting costs and reforming its business. Much of their focus has been on Lord & Taylor, which accounts for about one-tenth of Hudson’s Bay’s stores.
8 May 2018•5 mins read
