Topic - Hudson'S Bay

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FILE - People enter and leave a branch of the department store Galeria Karstadt Kaufhof in Berlin, Germany, Tuesday, Jan. 9, 2024. The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years, and they aim to keep more than three-quarters of its stores open. (Joerg Carstensen/dpa via AP, File)

Germany’s last department store chain is to get new owners after its latest insolvency

Associated Press

FILE- In this July 29, 2013, file photo, a shopper uses a Fifth Avenue entrance to Saks, in New York. The owner of Saks Fifth Avenue is being taken private by a group of its shareholders. Hudson’s Bay said Monday, Oct. 21, 2019, that its common shares will be purchased for 10.30 Canadian dollars ($7.86) per share in cash. The shareholder group, which includes Hudson's Bay Executive Chairman Richard Baker, initially proposed in June a buyout offer of 9.45 Canadian dollars ($7.21) per share. (AP Photo/Richard Drew, File)

Saks owner Hudson’s Bay to go private

By ANNE D'INNOCENZIO and JOSEPH PISANI - Associated Press