Hudson’s Bay Co. Sells $533M of Equity in HBS Global Properties

Toronto–Hudson’s Bay Company said today it has sold some $533 million of its equity in HBS Global Properties, HBC’s real estate joint venture with Simon Property Group, to three third party investors. Proceeds from the equity sale, together with cash on hand, will be used to reduce HBC’s debt $1.08 billion to $500 million. HBC […]

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