* HBC to lease back space, open 150,000-square-foot Saks * Cash will go toward debt, growth initiatives, HBC says TORONTO, Jan 27 (Reuters) - Hudson's Bay Co said on Monday that it will sell its flagship downtown Toronto store and neighboring office tower for C$650 million ($587.09 million) to commercial real estate heavyweight Cadillac Fairview Corp and open a full-line Saks store in the leased ...
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