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Hudson's Bay should go private if it wants to stay in retail -Litt
June 19, 2017 / 7:54 PM / 3 months ago

Hudson's Bay should go private if it wants to stay in retail -Litt

TORONTO, June 19 (Reuters) - Hudson’s Bay Co should take its business private if it wants to remain in the retail sector, Jonathan Litt, the activist shareholder and founder of Land & Buildings Investment Management, said on Monday in a televised interview on CNBC.

Litt said Land & Buildings, which owns 4.3 percent of Hudson’s Bay, was focused on monetizing its real estate assets.

Reporting by Solarina Ho; Editing by Paul Simao

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