299
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Published
Aug 9, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Investor Litt calls for removal of Hudson's Bay chairman

Published
Aug 9, 2019

Activist shareholder Jonathan Litt on Thursday urged for the removal of Hudson’s Bay Co Chairman Richard Baker from the board, saying the executive’s recent buyout offer showed that his interests were not aligned with minority shareholders.


Litt said the shareholder group’s C$1.74 billion bid for the company was “woefully inadequate” and that he would urge Hudson’s Bay to immediately undertake a plan to monetize its real estate and distribute proceeds to shareholders if the offer was unsuccessful - Reuters


Litt’s demand comes two months after a Baker-led consortium, owning 57% of Hudson’s Bay, offered to buy the struggling Canadian retailer for C$9.45 per share.

The buyout process and Baker’s approach has showed that he is “unqualified and far too conflicted” to continue as a director of the company, Litt said in a letter to Hudson’s Bay shareholders.

Litt said the shareholder group’s C$1.74 billion bid for the company was “woefully inadequate” and that he would urge Hudson’s Bay to immediately undertake a plan to monetize its real estate and distribute proceeds to shareholders if the offer was unsuccessful.

Hudson’s Bay was not immediately available for comment.

Last week, a special panel of the retailer reviewing the take-private bid had said that the offer was inadequate on an initial analysis.

Litt’s Land and Buildings and other shareholders have long criticized Hudson’s Bay for not doing enough to capitalize on the value of its properties.

Shares of the company were down about 1% at C$9.70.

Copyright © 2024 FashionNetwork.com All rights reserved.