July 30th, 2008 | Jennifer Zalitack

Lord & Taylor to expand into Canada

What’s to become of the Bay?

Canada’s oldest retailer, Hudson Bay Co. has been acquired by the more upscale Lord & Taylor. Or rather by the U.S. equity firm (New York-based NRDC Equity Partners), who are responsible for the turnaround of the American chain. They bought it two-years ago saying it was a great old brand, but dusty. So, looks like they want to do the same with HBC. Five Hundred-million dollars in new equity is being put into Hudson’s Bay Trading Post.

This deal winds North America’s two oldest department stores into the same corporate structure.

They plan to launch 10 to 15 Lord & Taylor stores throughout Canada in what currently house the Bay, Zellers or Home Outfitters locations. None of HBC’s stores will reportedly close; the approach is to look into building the business, not take away.

HBC, which has a 338-year history, has been under American ownership since 2006, when it was bought by entrepreneur Jerry Zucker.

Popularity: 1% [?]

Topics: Features

Tags: , ,

Comments are closed.


August 17th, 2010

MAC Upcoming Fall/Winter 2010 Collection

August 16th, 2010

Marcel Wanders for MAC collection (Winter 2010)

Your Ad Here

August 16th, 2010

Mac A Tartan Tale collection (October 2010)

August 16th, 2010

Mac Cham Pale collection (December 2010)

May 18th, 2010

Mac Cosmetics teams up with Disney for Venomous Villains collection

May 4th, 2010

Penélope Cruz is the New Face of Lancôme

Penélope Cruz is the New Face of Lancôme

September 18th, 2009

Strong shoulders are balanced by a slim fit and a sky-high hemline.

Trend watch: Architectural silhouettes