trending Market Intelligence /marketintelligence/en/news-insights/trending/IUghpxdZyQHe3ObjMKmZfw2 content esgSubNav
In This List

Hudson's Bay appoints president after take-private deal

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Hudson's Bay appoints president after take-private deal

Hudson's Bay Co. appointed Iain Nairn as president, effective Jan. 12.

The appointment comes after the Canadian department store chain agreed to a take-private deal with a group of shareholders led by Executive Chairman Richard Baker. Under the deal, the company will buy stock held by minority shareholders at C$11 per share in cash.

Most recently, Nairn was CEO of Swedish design and stationery business kikki.K, which has a presence in 147 countries.

Nairn will report directly to Hudson's Bay CEO Helena Foulkes.

Shares of Hudson's Bay closed down 0.18% to C$10.88 on Jan. 13.