Hudson’s Bay Co. says European retailer Signa Holding has withdrawn its offer for the company’s German operations following a unanimous decision by the Canadian retailer’s board of directors to reject the bid.
HBC says Signa’s proposal was not in the best interest of its shareholders and significantly undervalued the overseas business.
The retailer announced last November that it had received the unsolicited offer from Signa for its German department store chain Kaufhof and other real estate assets.
Lululemon Athletica Canada Inc. filed a lawsuit Monday against a group of unidentified counterfeiters who allegedly worked together to sell knock-off Lululemon athletic apparel.
The incident was just a part of the misconduct allegations that led to Laurent Potdevin’s resignation, sources say
The product alone doesn’t always drive a purchase these days. Buyers are looking for more depth to their experience