Sentences with phrase «canadian luxury retail»

The Canadian luxury retail market is expanding fast.

• Hudson's Bay Co, a Canadian luxury retailer, said Friday it reached an agreement for shareholder Land & Buildings to withdraw its appeal against the conditional approval given for an investment by Rhône Capital.

Not exact matches

The Canadian Press reported that HBC is one of a number of potential buyers of the luxury retailer, and that a purchase would include the sale of the famed Saks location on New York's Fifth Avenue.

Both represent bets that Canadian consumers are already well - served at the cheaper end of the market but there is room for growth in luxury retail.

But much has changed since Hudson's Bay Co. purchased the U.S. luxury retailer for $ 2.9 billion back in 2013 and announced plans to bring the storied Saks brand to Canada — namely, the cratering of the price of oil, which has taken the Canadian economy down with it.

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