co: Activist investor Jonathan Litt is calling for new members to be elected to the board of directors of Canadian retailer Hudson's Bay Co, according to The Toronto Star. Nathan Denette / THE CANADIAN PRESS A representative for Hudson's Bay didn't immediately respond to a request for comment. We believe Hudson's Bay could see its share price double or triple if the company takes the necessary steps to maximize long-term shareholder value, Litt said in a letter to shareholders Wednesday. Litt's Land & Buildings Investment Management has been advocating since June 2017 for changes at the Toronto-based retailer, including calling for it to sell off its Saks Fifth Avenue brand and to explore ways to unlock the value of its real estate. He also said it should sell its remaining interests in Galeria Kaufhof in Germany and the Lord & Taylor brand. He reiterated his call for the company to sell Saks in the letter Wednesday.
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