Little Rock, AR—Dillard’s, the predominantly Southern-based department store, is apparently an acquisition target for Toronto-based Hudson’s Bay Company, according to The Deal.
Supposedly HBC’s CEO Richard Baker is interested in Dillard’s because of its valuable real estate holdings and is “one of the better run” department store chains. It also would give HBC a strong foothold in the Midwest and South were its Saks stores are only marginally represented.
Should a buyout happen, HBC would gain a strong position in the Southeast and Southwest United States.
HBC acquired Saks Fifth Avenue for $2.4 billion in 2013.