Advertisement
Style

CEO of Hudson’s Bay Co., Jeffrey Sherman, steps down

The Financial Post is reporting that HBC CEO Jeffrey Sherman is leaving the company; he was brought out of retirement to operate The Bay, Zellers and Home Outfitters in 2008. Sherman, who was responsible for luring luxury retail whiz Bonnie Brooks to The Bay, will return to retirement, saying his “personal mission is now complete.” There are no plans to replace him, which has led to speculation that the major changes at The Bay—staff layoffs, expense cuts, the opening of The Room, cutting underperforming brands—are now complete.

• Sherman steps down as CEO of The Bay [Financial Post] • Shake-up done, Hudson’s Bay CEO retires [Toronto Star]

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

Big Stories

These are Toronto’s best new restaurants of 2024
Food & Drink

These are Toronto’s best new restaurants of 2024