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Hudson’s Bay CEO hints that more real estate sales are in retailer’s future
Original Publication Date: June 17, 2014 5:19AM
Publication Updated: January 8, 2025 10:54PM
TORONTO – Hudson’s Bay Co. (TSX:HBC) chief executive Richard Baker says the retailer is in the “earliest stages of unlocking value” in its real estate holdings. Baker told shareholders at the company’s annual meeting that the recent $650-million sale and lease back of its Queen Street flagship store and Simpson Tower office complex in Toronto was “a glimpse into the power of our assets.”
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