Hudson's Bay Co. is considered North America's oldest retailer, tracing its origins back to 1670 in the fur trading business. The company evolved to a mercantile model in the mid-19th century. While HBC has made several purchases over the years, it has been particularly acquisitive since it was bought in 2008 by NRDC Equity Partners — a U.S. firm that was formed to buy Lord & Taylor from Macy's for $1.2 billion in 2006. Prior to its acquisition of Hudson's Bay, NRDC also acquired Fortunoff for $110 million in 2008. Following NRDC's acquisition of HBC, the company returned to the public markets on Nov. 26, 2012, trading on the Toronto Stock Exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)