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Hudson’s Bay facing financing hurdle in Macy’s takeover effort

March 6, 2017

The reported takeover of Macy's by Hudson's Bay isn't proving easy as the Canadian retailer is reportedly having trouble getting equity financing, according to a Reuters report.

Hudson's Bay, which owns Saks Fifth Avenue and Lord & Taylor, has been reportedly at work for a month and isn't getting much support from its current equity partners. That list includes Simon Property Group Inc., according to the report.