![]() ![]() ![]() HBC wholly owns SFA, the entity that operates Saks Fifth Avenue's physical locations O5, the operating company for Saks Off 5th stores The Bay, an eCommerce marketplace and Hudson’s Bay, the operating company for Hudson’s Bay’s brick-and-mortar stores. HBC is, as of 2022, the majority owner of eCommerce companies Saks and Saks Off 5th, both established as separate operating companies in 2021. Until March 2020, the company was listed on the Toronto Stock Exchange under the symbol "HBC.TO" until Richard Baker and a group of shareholders took the company private. The company spun off most of its European operations by August 2019 and its remaining stores there, in the Netherlands, were sold by the end of 2019. HBC's Canadian headquarters are located in Toronto and its U.S. From 2008 to 2012, the HBC was run through a holding company of NRDC, Hudson's Bay Trading Company, which was dissolved in early 2012. In 2008, HBC was acquired by NRDC Equity Partners, which also owned the upmarket American department store Lord & Taylor. ![]() In 2006, an American businessman, Jerry Zucker, bought HBC for US$1.1 billion. These shops were the first step towards the department stores the company owns today. By the mid-19th century, the company evolved into a mercantile business selling a wide variety of products from furs to fine homeware in a small number of sales shops (as opposed to trading posts) across Canada. At its peak, the company controlled the fur trade throughout much of the English- and later British-controlled North America. Īfter incorporation by English royal charter in 1670, the company functioned as the de facto government in parts of North America for nearly 200 years until the HBC sold the land it owned (the entire Hudson Bay drainage basin, known as Rupert's Land) to Canada in 1869 as part of the Deed of Surrender, authorized by the Rupert's Land Act 1868. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay ( La Baie in French). A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada. The Hudson's Bay Company ( HBC French: Compagnie de la Baie d'Hudson) is a historically Anglo-Canadian retail business group. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |