By  on March 15, 2017
A 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.


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