×
249
Fashion Jobs
TALENSETU SERVICES PRIVATE LIMITED
Production Manager
Permanent · Jeddah
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Jamui / Jehanabad/Nawada
Permanent · Jahanabad
STERLING MANUFACTURING COMPANY
Area Sales Manager Electrical Goods, Home Appliance All Over India
Permanent · Ranchi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Uttarakhand)
Permanent · Uttarkashi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Vaishali/ Khagaria/ Begusarai
Permanent · Begusarai
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (mp) All District
Permanent · Bhopal
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Jharkhand (Only Males)
Permanent · Deoghar
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Saran/ Madhubani/Saharsa
Permanent · Saharsa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Rajasthan) All District
Permanent · Udaipur
GLOBAL TEXTILES ALLIANCE INDIA PVT LTD
Manager - Production Knitting
Permanent · Coimbatore
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Banka/ Kaimur/Patna
Permanent · Ottawa
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Bihar All District)
Permanent · Katihar
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager - Kanpur / Mirzapur / Allahabad
Permanent · Prayagraj
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Chennai
Permanent · Chennai
MUMBAI ROZGAAR PRIVATE LIMITED
Hiring For Sales Manager in Edutech Company- (Gurgaon/Gurugram)
Permanent · Gurugram
GANGAR OPTICIANS PVT. LTD.
Opening For Area Manager(From Opticals) For Central Mumbai
Permanent · Mumbai
DR. JRK'S RESEARCH AND PHARMACEUTICALS PVT LTD.
Area Sales Manager (Pharma Experience is Must) - Jaipur
Permanent · Jaipur
ELICO MECHOPTRONIX PVT LTD
Requirement For Manager/sr. Manager - Operations (Mechanical)
Permanent · Hyderabad
MEDLEY PHARMACEUTICALS LTD
District Sales Manager(Asm) - Davangere
Permanent · Davanagere
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager-Gaya/ Munger/Sheikhpura
Permanent · Gaya
By
Reuters
Published
Oct 25, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

HBC to sell off Lords & Taylor flagship to WeWork

By
Reuters
Published
Oct 25, 2017

Canadian retailer Hudson’s Bay Co said on Tuesday it would sell its Lord & Taylor Fifth Avenue building for $850 million to SoftBank-backed coworking startup WeWork, amid pressure from investors to look for options for its real estate assets.



Hudson’s Bay also said WeWork and private equity firm Rhone Capital would also invest $500 million in the company.

The flagship store at the building in New York would continue operations through the 2018 holiday season after which it will be converted into WeWork’s headquarters, the company said on Tuesday.

New York-based WeWork leases office space and rents it out to individuals and small companies, namely startups.

Hudson’s Bay said the deal would help it reduce debt by C$1.6 billion ($1.26 billion) and ramp up its liquidity to about C$1.1 billion.

The company added that upon closing of private placement, it intends to appoint M. Steven Langman and Eric Gross as additional directors to the board of directors of HBC​.
 

© Thomson Reuters 2021 All rights reserved.