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Lord & Taylor owner Hudson's Bay explores IPO

from The New York Times

Two of the oldest department store chains in North America are on the verge of a public stock listing. Plans for an initial public offering are in the works for the Hudson’s Bay Company, the parent of The Bay stores in Canada and Lord & Taylor in the United States, according to two people briefed on the talks. A listing, which is expected to be on the Toronto Stock Exchange, could come before the end of November, these people said. more

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