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Real estate JV deals help Hudson's Bay post profit

(Reuters) – Hudson’s Bay Co swung to a profit in the second quarter as the owner of Saks luxury chain benefited from the formation of real estate joint ventures earlier this year. The company has contributed real estate assets to two joint ventures formed with U.S.-based Simon Property Group Inc and Canada’s RioCan Real Estate Investment Trust earlier this year, helping it focus on its store operations. Hudson’s Bay said