Private Equity:
"Stephens describes Baker (NRDC Equity Partners) not as a retailer, but as a real estate investor who “simply stripped Hudson’s Bay of its assets, made money on it, and took the oldest retailer in North America, completely ruined it, and walked away.” www.thestar.com/business/ins...
thestar.com
Inside the death of Hudson’s Bay: Why former senior employees believe leader Richard Baker should take the blame
In 2008, American private equity investor Richard Baker bought Hudson’s Bay and injected the centuries-old retailer with millions in cash. But in the ensuing 17 years, former employees say Canada’s ol...