Stamford Hedge Fund Pressing For Saks Changes

(Stamford Advocate) Hedge fund Land and Buildings said this week it planned to call a special meeting of shareholders of Hudson’s Bay Co. as it continues to press for reforms to the embattled retail company.Land and Buildings’ move followed the announcement last week of the departure of Hudson’s Bay CEO Jerry Storch. The Brampton, Canada-based company — whose portfolio includes the Saks Fifth Avenue, Lord & Taylor and Saks Fifth Avenue Off 5th stores — has faced major instability in recent months.

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