Hudson’s Bay Co. bidding for bankrupt Dutch retail chain


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