Hudson's Bay Trading Company

Last updated
Hudson's Bay Trading Company, L.P
Holding company
IndustryRetail
Fatedissolved
Founded2008
Defunct2012
Headquarters New York, NY
Area served
 Canada and United States
Key people
Robert C. Baker and Richard A. Baker
Owner NRDC Equity Partners
Number of employees
70,000

Hudson's Bay Trading Company, L.P. was an American portfolio company for NRDC Equity Partners, a private equity company. Hudson's Bay Trading Company was founded in 2008.

United States Federal republic in North America

The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

A portfolio company is a company or entity in which a venture capital firm, a buyout firm, or a holding company invests. All companies currently backed by a private equity firm can be spoken of as the firm’s portfolio.

NRDC Equity Partners

NRDC Equity Partners is an American private investment firm investing in retail, real estate and consumer branded businesses.

Contents

NRDC Equity Partners was founded by Robert Baker and Richard Baker of National Realty and Development Corp., and William Mack and Lee Neibart of AREA Property Partners. Richard Baker served as President CEO of NRDC Equity Partners. [1]

Richard Baker is an American business executive. He is chief executive officer of NRDC Equity Partners, and the Governor and Executive Chairman of the Hudson's Bay Company. The corporation, controlled by NRDC, operates Galeria Kaufhof in Germany, Galeria Inno in Belgium, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH in the United States, and Hudson's Bay and Home Outfitters, in Canada.

On January 23, 2012, The Financial Post reported that Baker had dissolved Hudson’s Bay Trading Co., and Toronto-based Hudson's Bay Company will now operate both The Bay and Lord & Taylor. This new entity will be run by The Bay CEO Bonnie Brooks. CEO Brendan Hoffman will leave Lord & Taylor and take over as CEO at the department store chain Bon Ton. Baker will remain governor and CEO of the business and Donald Watros will stay on as chief operating officer. [2]

Toronto Provincial capital city in Ontario, Canada

Toronto is the provincial capital of Ontario and the most populous city in Canada, with a population of 2,731,571 in 2016. Current to 2016, the Toronto census metropolitan area (CMA), of which the majority is within the Greater Toronto Area (GTA), held a population of 5,928,040, making it Canada's most populous CMA. Toronto is the anchor of an urban agglomeration, known as the Golden Horseshoe in Southern Ontario, located on the northwestern shore of Lake Ontario. A global city, Toronto is a centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world.

Hudsons Bay Company Canadian retail business group

The Hudson's Bay Company is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada, the United States, and parts of Europe including Belgium, the Netherlands, and Germany. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay. Other divisions include Galeria Kaufhof, Home Outfitters, Lord & Taylor and Saks Fifth Avenue. HBC's head office is currently located in Brampton, Ontario. The company is listed on the Toronto Stock Exchange under the symbol "HBC".

Hudsons Bay (retailer) company

Hudson's Bay is a chain of 90 department stores that operate in Canada and the Netherlands. It is the main brand of the Hudson's Bay Company (HBC), North America's oldest company. It has its headquarters in the Simpson Tower in Toronto. In French, the chain is known as la Baie d'Hudson, short for "Compagnie de la Baie d'Hudson". The chain uses both the English and French versions of the name in some parts of Canada.

Assets

Canada

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Canada's southern border with the United States, stretching some 8,891 kilometres (5,525 mi), is the world's longest bi-national land border. Its capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. As a whole, Canada is sparsely populated, the majority of its land area being dominated by forest and tundra. Consequently, its population is highly urbanized, with over 80 percent of its inhabitants concentrated in large and medium-sized cities, with 70% of citizens residing within 100 kilometres (62 mi) of the southern border. Canada's climate varies widely across its vast area, ranging from arctic weather in the north, to hot summers in the southern regions, with four distinct seasons.

Department store Retail establishment; building which offers a wide range of consumer goods

A department store is a retail establishment offering a wide range of consumer goods in different product categories known as "departments". In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition of service and luxury. Similar developments were under way in London, in Paris and in New York.

Zellers company

Zellers Inc. was a major Canadian chain discount department retailer based in Brampton, Ontario. It was founded in 1931, and was acquired by Hudson's Bay Company (HBC) in 1978.

United States

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Oxford Properties, established in 1960, is a global real estate owner, investor, developer and property manager with a portfolio of office, retail, industrial, multi-residential and hotel assets. Wholly owned by the Ontario Municipal Employees Retirement System since 2003, the company is headquartered in Toronto with regional head offices in New York, London, Singapore and Luxembourg. The organization has 2,200 employees and approximately $50 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Oxford’s portfolio of properties represents more than 60 million square feet of office, retail, hotel, industrial, land and multi-residential assets in key global gateway cities. Some of its most recognized assets include Hudson Yards, Yorkdale Shopping Centre, Fairmont Banff Springs Hotel, Olympic Tower and Sony Center. Oxford also owns a portfolio of luxury hotels in Canada as well as rental residential units in Canada and the US.

References

  1. ↑ NRDC Equity Partners profile brochure
  2. ↑ Hudson's Bay Co. completes purchase of Lord & Taylor:report
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