HBC has used its property savvy to secure one other $340 million in money that could be used to bolster its retail operations — and chief executive officer Richard Baker can also be using the sale as a possibility to underscore his company’s real estate backbone.
“HBC is a holding company,” Baker told WWD in what become a Sunday explainer on his business empire. “Our largest business is our real estate business. Everyone seems to have forgotten that I used to be an actual estate guy, still am, and that HBC is primarily an actual estate company. We own $7 billion value of real estate.
“We recurrently monetize, on a pre-organized campaign, our real estate assets,” he said. “We have now a...
Continue reading
0 Comments
