	hudson s bay to sell wholesale unit hudson s bay co said it signed a letter of intent to sell its hudson s bay wholesale unit to a private investment group terms were not disclosed the company said normal paul a member of the private investment group will head hudson s bay wholesale management the unit s existing management group headed by ron mcarthur will also participate in ownership the company said without elaborating the wholesale unit is a major distributor of tobacco confectionary and other products through wholesale and vending branches in canada sales were mln dlrs hudson s bay said the sale of its wholesaling unit is part of a program to concentrate financial and management resources on its core business of department stores and real estate reuter 
