Hudson’s Bay Company
Hudson’s Bay Company
North America’s oldest corporation is a bona fide Canadian institution, though remarkably it’s controlled by our neighbours to the south today. Founded in 1670, some two centuries before there Canada even existed, the Hudson’s Bay Co. (HBC) is our most notable retailer, employing some 70,000 people and controlling the popular Bay brands, as well as Zellers and Home Outfitters. But the modern HBC was sold off in 2006 to South Carolina billionaire Jerry Zucker, who ran the company until his death. In 2008, HBC was acquired by a New York firm, NRDC Equity Partners, which also operates Lord & Taylor, coincidentally the oldest department store chain in the U.S.
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