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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This contents of the box above is based on material from the Wikipedia articles Hudson Bay Capital Management, Hudson's Bay point blanket, Hudson's Bay (department store) & Hudson's Bay Company, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.