HBC Announces Election of Directors
TORONTO & NEW YORK--(BUSINESS WIRE)--Jun. 19, 2019-- HBC (TSX: HBC) announced that all of the nominees listed in its management information circular dated May 15, 2019 (“Circular”) were elected as directors of HBC at the annual meeting of shareholders (“Meeting”) held today in Toronto. The results of the vote are set out below:
Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes.
Final voting results of all matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.
HBC is a diversified retailer focused on driving the performance of high quality stores and their omni channel platforms and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with over 300 stores and about 40,000 employees around the world. HBC’s leading businesses across North America include Saks Fifth Avenue, Hudson’s Bay, Lord + Taylor and Saks OFF 5TH.
HBC also has significant investments in joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture. HBC has partnered with SIGNA Retail Holdings for real estate and retail joint ventures in Europe.
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Source: Hudson's Bay Company