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Activist Investor Calls Reported HBC Joint Venture Talks 'A Step in the Right Direction'

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The activist investor who has been urging Hudson’s Bay Co. ( HBC.TO ) to explore ways to unlock the company’s value by selling its real estate says he is encouraged by reports the retailer is exploring a joint venture for its European business. According Reuters report, HBC is in talks with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof...

Mentions: Bloomberg real estate Jonathan Litt