Ottawa, March 30, 2025 (AFP) - Hudson's Bay Company: from fur trade to department store downfall

NAMPA / AFP

2025-03-30

From the 17th century fur trade that birthed a nation to the last major department store in Canada, The Hudson's Bay Company has left an indelible mark, but its storied 354 years are crashing to an end. Canada's oldest company -- after filing on March 7 for protection from the creditors that are owed more than Can$1 billion (US$700 million) -- has received court approval to close all but six of its 80 stores. The US-based private equity owners of......

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