Editing Hudson's Bay Company (section)

=== Galeria Kaufhof/Galeria Inno ===
[[File:Galeria Kaufhof Köln (4022-24).jpg|thumb|A [[Galeria Kaufhof]] in [[Köln]]. The chain was owned by HBC from 2015 to 2019.]]
HBC had acquired the German department store chain Galeria Kaufhof and its Belgian subsidiary, [[Galeria Inno]], from [[Metro Group]] in September 2015 for {{USD|3.2 billion}}.<ref>{{Cite press release |title=Hudson's Bay Company to Acquire Galeria Holding, Parent of Kaufhof, #1 Department Store in Germany |publisher=Hudson's Bay Company |url=http://investor.hbc.com/releasedetail.cfm?releaseid=917844 |access-date=5 October 2015 |archive-url=https://web.archive.org/web/20150927153037/http://investor.hbc.com/releasedetail.cfm?releaseid=917844 |archive-date=27 September 2015 |url-status=dead}}</ref><ref>{{Cite web |date=30 September 2015 |title=Hudson's Bay Company Completes Acquisition of GALERIA Holding |url=http://investor.hbc.com/releasedetail.cfm?ReleaseID=934427 |url-status=dead |archive-url=https://web.archive.org/web/20160625171818/http://investor.hbc.com/releasedetail.cfm?ReleaseID=934427 |archive-date=25 June 2016 |access-date=4 June 2016 |publisher=Hudson's Bay Company}}</ref>

On 1 November 2017, HBC received an unsolicited offer from Austrian firm [[Signa Holding]] for Kaufhof and other real estate.<ref name=":1" /> An unnamed source told [[CNBC]] that the value of the offer was approximately {{Euro|3 billion}}.<ref>{{Cite web |last=Hirsch |first=Lauren |date=1 November 2017 |title=Saks Fifth Avenue owner continues to face pressure, amid a bid for its European department store |url=https://www.cnbc.com/2017/11/01/saks-fifth-avenue-owner-under-pressure-amid-galeria-kaufhof-bid-talk.html |access-date=10 January 2018 |website=[[CNBC]] |publisher=}}</ref> This information on the offer was also reiterated in a press release by activist shareholder Land & Buildings Investment Management, which urged HBC to accept the offer; the company replied that the offer was incomplete and did not provide indication of financing for the deal.<ref>{{Cite news |last=Kopun |first=Francine |date=1 November 2017 |title=Hudson's Bay urged to accept bid for German assets |url=https://www.thestar.com/business/2017/11/01/competitor-offers-to-buy-hudsons-bays-german-assets.html |url-access=subscription |access-date=10 January 2018 |newspaper=[[Toronto Star]]}}</ref> In late 2018, Galeria Kaufhof and [[Karstadt]] merged as part of a spin off.<ref>{{Cite news |last=Hummel |first=Tassilo |last2=Copley |first2=Caroline |last3=Saminather |first3=Nicola |date=2018-09-11 |title=Hudson's Bay, Signa form European retail, real estate joint venture |url=https://www.reuters.com/article/us-hudson-s-bay-m-a-signa-merger/hudsons-bay-signa-form-european-retail-real-estate-joint-venture-idUSKCN1LR0P3/ |access-date=2025-03-28 |work=[[Reuters]]}}</ref>

HBC announced its intent to sell the last 49.99 per cent of Galeria Kaufhof and Galeria Inno shares it held to Austrian firm [[Signa Holding]] in June 2019. The sale of the real estate in Germany had gained {{USD|1.5 billion}} ({{Euro|1 billion}}) for HBC.<ref>[https://www.reuters.com/article/us-hudson-s-bay-divestiture/hudsons-bay-to-sell-lord-taylor-for-100-million-idUSKCN1VI1LV Reuters] Hudson's Bay to sell Lord + Taylor for $100&nbsp;million</ref> At that time, HBC still had a retail operation in the Netherlands, using the Vroom & Dreesmann locations it had purchased in 2017. On 31 August 2019, the company announced that all 15 of those stores would be sold by year end.<ref>{{cite web |url=https://www.forbes.com/sites/walterloeb/2019/06/10/hudsons-bay-sells-european-stake-plans-to-go-private/#36664e3e1dc0 |title=Hudson's Bay Sells European Stake, Might Go Private |last=Loeb |first=Walter |work=Forbes |date=10 June 2019 |access-date=22 March 2022}}</ref><ref>{{cite web |url=https://www.bloomberg.com/news/articles/2019-08-31/hudson-s-bay-to-close-dutch-unit-dismiss-1-400-workers-fd-says |title=Hudson's Bay to Close Dutch Unit and Dismiss 1,400 Workers: Report |work=Bloomberg |last=Munsterman |first=Ruben |date=31 August 2019 |access-date=22 March 2022 |url-access=subscription}}</ref>