Saks Fifth Avenue and Hudson's Bay store on Queen Street in Toronto.
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.1670English royal charter incorporated the company as The Governor and Company of Adventurers of England trading into Hudson's Bay.1869Through the Deed of Surrender between HBC and Canada, the company began taking control of its traditional territories in Canada.1922HBC acquired J.F. Cairns Limited Department Store in Saskatoon, Canada.1960HBC acquired Henry Morgan & Co., a Montreal-based department store chain, to expand into central Canada.1970Queen Elizabeth II grants HBC a new charter, and HBC becomes a Canadian company.1978HBC acquired a 57 percent ownership stake in 155 Zellers stores and 61 Fields outlets.1993HBC acquires Woodward's Department Stores Inc., allowing it to expand in the far west of Canada.2006HBC becomes a private U.S.-owned company following the acquisition by Jerry Zucker in a deal with an estimated value of $878 million.2008NRDC acquires HBC, which was operated through a holding company, Hudson's Bay Trading Co. The Hudson's Bay nameplate is primarily in enclosed malls, while sister chain Home Outfitters is in open-air shopping centers. The value of the transaction was undisclosed, but NRDC said it would investment $500 million in the new combined entity.2012NRDC dissolves Hudson's Bay Trading Co. HBC completes initial public offering and trades on Toronto Stock Exchange.2013HBC completes acquisition of Saks Inc., which operates Saks Fifth Avenue, for $2.9 billion.2015HBC acquires Galeria Kaufhof, a German department store chain, and a Belgian subsidiary from Metro Group for $3.2 billion.2016HBC acquires Gilt Groupe, best known for its flash sales, for $250 million.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews