REFILE-BRIEF-Hudson's Bay says plans to open full-line Saks store at its flagship store in Toronto

Mon Jan 27, 2014 8:56am EST
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Jan 27 (Reuters) - Jan 27 (Reuters) - Hudson's Bay Co : * Says plans to open a full-line saks store in the heart of downtown Toronto at Hudson's Bay flagship store * Agreed to sell downtown Toronto flagship retail complex and simpson's tower to affiliate of cadillac Fairview for $650 million * Says proceeds of the transaction will be used to reduce the company's debt and invest in growth initiatives * Source text for Eikon * Further company coverage