Richard Baker’s Bake Sale

Richard Baker built up his Hudson’s Bay Company empire into a global retailing powerhouse, founded on debt and a plan that bigger was always better. Now the spreadsheet is hitting the fan…as it were.

Here’s my take, from Forbes.com, on what’s going on there with the closing of Lord & Taylor’s New York City flagship and the sale of the Gilt Groupe:

https://www.forbes.com/sites/warrenshoulberg/2018/06/05/richard-bakers-wild-retail-ride-at-hbc-appears-to-be-at-bay/#55404529467d

Turn up the temperature…

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