Hudson's Bay Company
Canadian retail business group and former fur trading business
Follow Hudson's Bay Company on Notably News to receive short updates to your email — rarely!
May 2025 | Ruby Liu Commercial Investment Corp. acquires 28 Hudson's Bay store leases in British Columbia, Alberta, and Ontario, planning to launch a new department store concept. |
May 2025 | Canadian Tire acquires Hudson's Bay's intellectual property for $30 million, including the brand, stripes line, coat of arms, 12 locations, and additional brands like Gluckstein and Distinctly Home. |
May 9 2025 | HBC filed court documents revealing receipt of 12 qualified bids for 39 property leases and 17 bids for other assets, preparing for potential private auction around May 16. |
May 7 2025 | Liquidator began soliciting bids for HBC leases, intellectual property, and real estate. The Heffel Gallery was appointed to auction 1,700 pieces of art and 2,700 artifacts, including the 1670 royal charter. |
April 23 2025 | HBC announced full liquidation of remaining stores after court rulings deemed finding a buyer 'low probability'. |
April 2025 | Announcement made that the remaining six stores will also be liquidated, with Canadian Tire set to acquire the chain's intellectual property and select store leases. |
March 24 2025 | Liquidation began at the Vancouver flagship store following its closure announcement. |
March 24 2025 | Liquidation sales begin for the announced store closures, with stores set to be permanently shuttered by June. |
March 24 2025 | Liquidation sales commence for the announced store closures. |
March 24 2025 | Liquidation sales commence for Hudson's Bay store closures across Canada. |
March 24 2025 | Liquidation sales began for the approved store closures, marking the start of the company's retail shutdown process. |
March 21 2025 | HBC announced the permanent closure of the Vancouver flagship location. |
March 21 2025 | An Ontario court approves the liquidation of stores, with six Hudson's Bay locations (three each in Ontario and Quebec) being spared and potentially kept open long-term. |
March 14 2025 | HBC announces intention to liquidate and close all 80 Hudson's Bay stores, 3 Saks Fifth Avenue, and 13 Saks Off 5th locations in Canada if no financing can be secured. |
March 14 2025 | After 355 years in business, Hudson's Bay announced the liquidation and closure of all 80 of its locations, along with 3 Saks Fifth Avenue and 13 Saks OFF 5TH locations in Canada. Liquidation sales were planned to begin the following week, with complete shutdown expected by June 2025. |
March 2025 | Filed for creditor protection under the Companies' Creditors Arrangement Act, initiating the company's liquidation process. |
March 7 2025 | Hudson's Bay warned of potential creditor protection filing and filed under the Companies' Creditors Arrangement Act, exploring business improvement options including possible employee layoffs. |
2024 | Following HBC's bankruptcy challenges and restructuring, Zellers brand potentially reduced to 6 locations in Ontario and Quebec, putting its continuance into question. |
2024 | HBC spun off its Saks Fifth Avenue and Saks Off 5th stores into a separate Saks Global holding company. |
December 2024 | Hudson's Bay Company finalized the purchase of Neiman Marcus Group for $2.7 billion, creating Saks Global and bringing together multiple luxury retail brands including Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue, and Saks Off 5th. |
November 2024 | HBC released a 41-page document by Stephen Miran outlining a plan to restructure the global trading system, which gained significant attention on Wall Street. |
July 2024 | HBC increased the lockup period for investor capital from one to two years. |
July 4 2024 | Hudson's Bay Company announced its acquisition of Neiman Marcus Group for $2.65 billion, successfully concluding long-standing negotiations between the two companies. |
May 2024 | Bed Bath & Beyond sued HBC to recover over $300 million in trading profits, alleging HBC orchestrated deal terms to acquire a large stake at a deep discount and capitalize on the company's meme stock popularity. |
February 2024 | HBC raised over $800 million for a special situations fund, a six-year closed-end drawdown fund, which included an investment in New York Community Bank. |
2023 | Hudson's Bay opened Zellers sections of up to 10,000 square feet in 78 of its locations using a store-within-a-store format. |
2023 | Hudson's Bay officially stops selling animal fur products. |
2023 | HBC opened new operations in Dubai. |
April 2023 | Bed Bath & Beyond filed for Chapter 11 bankruptcy after the deal with HBC was terminated. |
March 30 2023 | Bed Bath & Beyond terminated its deal with HBC and attempted to sell up to $300 million of common stock in the open market, led by B. Riley Financial. |
February 2023 | HBC arranged a fundraising deal for Bed Bath & Beyond worth over $1 billion, involving the sale of convertible preferred stock and warrants to help the company on the verge of bankruptcy. |
August 2022 | Hudson's Bay Company announced plans to revive the Zellers brand through online shopping and physical locations within Hudson's Bay stores across Canada in 2023. |
May 13 2022 | The Hudson's Bay Centre store in Toronto at Yonge and Bloor Street was shuttered, with plans for future redevelopment. |
March 16 2022 | HBC and Sycamore Partners announced they were preparing bids to buy Kohl's department store chain. |
February 2022 | HBC received a $1.3 million state grant from Connecticut to hire an additional 40 employees in Greenwich. |
2021 | The firm produced a financial return of 13.5% for the year. |
2021 | Lululemon was announced to replace HBC as Canada's Olympic team outfitter starting with the 2022 Winter Olympics. |
August 2021 | HBC split the online business of Hudson's Bay into a separate division, with the online portion officially named The Bay while physical stores retained the Hudson's Bay name. |
June 3 2021 | The Edmonton flagship store on Jasper Avenue was phased out, marking the end of its downtown presence. |
2020 | Began closing multiple flagship locations due to financial impacts of the COVID-19 pandemic and ongoing retail challenges. |
2020 | Began closing multiple flagship locations due to financial impacts of the COVID-19 pandemic, including stores in Edmonton, Toronto, and Winnipeg. |
November 30 2020 | The Winnipeg flagship store on Portage Avenue, originally built in 1926, was closed due to COVID-19 health orders. |
May 19 2020 | Hudson's Bay stores began gradually reopening after the COVID-19 pandemic closure. |
May 2 2020 | Hudson's Bay Company celebrated its 350th anniversary by re-releasing a series of special, limited-edition blankets in historic colourways, with a 'Special Edition' label featuring the sailing vessel Nonsuch. |
March 2020 | Richard Baker and a group of shareholders took Hudson's Bay Company private, delisting it from the Toronto Stock Exchange. |
March 2020 | HBC introduced a special share class based on a drawdown structure to capitalize on sharp share price decreases. |
March 17 2020 | Hudson's Bay stores were temporarily closed in response to the COVID-19 pandemic in Canada. |
March 3 2020 | Company delisted from Toronto Stock Exchange, with Richard A. Baker replacing Helena Foulkes as CEO. |
February 2020 | Shareholders vote in favor of becoming a private company. |
January 2020 | The two remaining Zellers stores owned by Hudson's Bay Company were closed. |
We are only showing the most recent entries for this topic. |
This contents of the box above is based on material from the Wikipedia articles Hudson Bay Capital Management, Hudson's Bay (department store), Hudson's Bay point blanket & Hudson's Bay Company, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.