This WeWork Deal Could Breathe New Life Into Struggling Department Stores


This WeWork Deal Could Breathe New Life Into Struggling Department Stores


Like many retailers, Hudson`s Bay has been struggling to stay afloat amid the shifting retail landscape, but this deal could prove beneficial. WeWork and HBC agreed to a landmark deal that included the sale of Lord & Taylor’s Manhattan flagship for $850M to a joint venture of WeWork and Rhône Tuesday morning.

As part of the agreement, Rhône will invest $500M into shares in Hudson`s Bay, some of which will eventually transfer to the JV, called WeWork Property Advisors. The deal also calls for WeWork to convert the top floors of several of Hudson Bay`s 480 department stores into office space, the New York Post reports...

   ...more

RSK: Love re-purposing and We Work is great at it. Retail is morphing my friends.

Share this article on you social outlets



Our Sponsors
- - Volume: 5 - WEEK: 44 Date: 10/31/2017 8:47:03 AM -