Hudson’s Bay Co., the Toronto-based owner of Saks Fifth, Lord & Taylor and Galeria Kaufhof, is in the running to buy bankrupt Dutch retail chain V&D.
Various reports in the Dutch media have noted that HBC governor Richard Baker is vying with Dutch investor Roland Kahn for stores. However, the Canadian retailer has declined to comment on these speculations.
“Many landlords are charmed by (HBC’s) serious interest in a substantial part of the V&D buildings,” says a translated report from Dutch publication AD. “The problem is that both (Kahn) and HBC want only a part of the V&D buildings, especially those in large cities. Most owners, however, have buildings in both large and small municipalities.” CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
