Signa is to become the sole owner of the Germany retail group after acquiring Hudson’s Bay Company’s 49.99% stake. Hudson’s Bay Company will continue to control its Dutch business through a wholly owned subsidiary.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
Belgian lingerie group Van de Velde has hired Yan Aerts as International Retail Director.The former Sales Vice-President of Mexx will be tasked with improving the performance of the group's retail branch.