Hudson's Bay Company

Canadian retail business group and former fur trading business

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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 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 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 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.
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, 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.
December 2019 Sold remaining stores in the Netherlands, completing European exit.
August 2019 HBC sells Gilt Groupe to Rue La La, sells remaining Galeria Kaufhof shares to Signa Holding, and sells Lord & Taylor to Le Tote for $75 million.
August 2019 HBC spun off most of its European operations by August 2019.
August 31 2019 The company announced the sale of all 15 of its Dutch locations by the end of the year, concluding HBC's European venture.
August 19 2019 Catalyst Capital Group Inc. acquires enough shares to block the privatization plan.
June 2019 HBC announced its intent to sell the remaining 49.99 percent of Galeria Kaufhof and Galeria Inno shares to Austrian firm Signa Holding, gaining US$1.5 billion from the real estate sale.
June 2019 A consortium led by Richard Baker announces plans to take the company private, owning over 50% of HBC shares.
February 2019 HBC announced the complete phase-out of all 37 Home Outfitters locations.
2018 Galeria Kaufhof and Karstadt merged as part of a spin-off.
2018 HBC sold the flagship Lord & Taylor store building on Fifth Avenue in Manhattan to WeWork Property Advisors for $850 million, with WeWork set to occupy the uppermost floors and Lord & Taylor retaining flagship space.
2018 HBC opened a new office in London.
April 1 2018 HBC discloses a major data breach affecting over five million credit and debit cards used in Saks Fifth Avenue, Saks Off 5th, and Lord & Taylor stores.
2017 HBC considered purchasing Neiman Marcus Group Inc., but did not proceed with the acquisition.
2017 Hudson's Bay Company made an initial takeover overture to Macy's, which was not completed.

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