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17 hours ago · The Hudson's Bay Company ( HBC; French: Compagnie de la Baie d'Hudson) 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. [3] [4] The company's namesake business division is Hudson's Bay ...
1 day ago · Canadian retailer Hudson's Bay Co. will buy luxury department store rival Neiman Marcus for $2.65 billion US, the company said Thursday. The deal was announced after months of speculation that HBC ...
1 day ago · What happened: Hudson’s Bay Co. (HBC) is buying U.S. luxury department store Neiman Marcus for ~$3.6 billion. The deal will bring together two of the largest luxury retailers in North America under a new banner, dubbed Saks Global, with a combined 75 stores and 100 outlets. Joining forces will cut a lot of duplicate costs between the ...
3 days ago · The Hudson’s Bay Company has struck a deal to acquire US-based luxury retail chain Neiman Marcus, as first reported in the Wall Street Journal. The $2.65 billion deal involves Amazon becoming a minority shareholder in the newly formed Saks Global division, which will operate in the US while its Canadian Saks operations with three stores ...
2 days ago · HBC's US$2.65 billion acquisition, announced Thursday, delivers Canada's oldest company ownership of Dallas-based Neiman Marcus Group, which has a network of 38 luxury department stores under the ...
2 days ago · TORONTO — Several North American department stores are joining forces under a deal that will see Hudson’s Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers. HBC’s US$2.65 billion acquisition, announced Thursday, delivers Canada’s oldest company ownership of Dallas-based ...
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3 days ago · Citing multiple sources, both the Wall Street Journal and New York Times reported the deal will see Toronto-based Hudson’s Bay Co., the parent company of Saks Fifth Avenue, pay US$2.65 billion ...