Hudson's Bay Company
The '''Hudson's Bay Company (HBC'''; ) is a Canadian retail business group. A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, and now owns and operates retail stores across the country. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay ( in French).After incorporation by English royal charter in 1670, the company was granted a right of "sole trade and commerce" over an expansive area of land known as Rupert's Land, comprising much of the Hudson Bay drainage basin. This right effectively gave the company a commercial monopoly over that area. The HBC functioned as the ''de facto'' government in Rupert's Land for nearly 200 years until the HBC relinquished control of the land to Canada in 1869 as part of the Deed of Surrender, authorized by the Rupert's Land Act 1868. At its peak, the company controlled the fur trade throughout much of the English- and later British-controlled North America. 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. These shops were the first step towards the department stores the company owns today.
In 2006, an American businessman, Jerry Zucker, bought HBC for US$1.1 billion. In 2008, HBC was acquired by NRDC Equity Partners, which also owned the upmarket American department store Lord & Taylor. 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. HBC's Canadian headquarters are located in Toronto and its U.S. headquarters are in New York. 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.
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. HBC is, the majority owner of eCommerce companies Saks and Saks Off 5th, both established as separate operating companies in 2021. 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 owns or controls approximately of gross leasable real estate through its real estate and investment arm, HBC Properties and Investments, established in October 2020. Provided by Wikipedia
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3Published 1934“...Hudson's Bay Company...”
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4Published 1675“...Hudson's Bay Company...”
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5Published 1673“...Hudson's Bay Company...”
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6by Russell, Alexander Jamieson, 1807-“...Hudson's Bay Company...”
Published 1869
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7by Pritchard, John, 1777-1836“...Hudson's Bay Company...”
Published 1819
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8Published 1711“...Hudson's Bay Company...”
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9by Simpson, Thomas, 1808-1840“...Hudson's Bay Company...”
Published 1843
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10by Hargrave, James, 1798-1865“...Hudson's Bay Company...”
Published 2009
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11Published 1945“...Hudson's Bay Company...”
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12Published 1942“...Hudson's Bay Company...”
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13Published 1675“...Hudson's Bay Company...”
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14Published 1673“...Hudson's Bay Company...”
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15Published 1799“...Hudson's Bay Company...”
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16Published 1682“...Hudson's Bay Company...”
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17Published 1749“...Hudson's Bay Company...”
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18Published 1860“...Hudson's Bay Company...”
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19Published 1860“...Hudson's Bay Company...”
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20Published 1869“...Hudson's Bay Company...”
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