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Fight for HBC Close to a Conclusion—Here’s What’s Next

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Hudson’s Bay Co.’s minority shareholders pushed back to get themselves a better deal—and won. The newly amended agreement for the group led by HBC chairman Richard Baker to take the retailing company private offers 11.00 Canadian dollars ($8.48) per share, up from the original June offer of 9.45 Canadian dollars ($7.12). The change gives the minority shareholders…

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