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1. www.cbc.ca › news › businessHudson's Bay Company to buy luxury retailer Neiman Marcus in ...

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   2 days ago · Canadian retailer Hudson's Bay Co. will buy luxury department store rival Neiman Marcus for $2.65 billion US, the company said Thursday. The deal was announced after months of speculation that HBC ...

2. www.ctvnews.ca › business › 2024/7/3Hudson's Bay Co. buying Neiman Marcus for US$2.65B | CTV News

   www.ctvnews.ca › business › 2024/7/3

   3 days ago · Published July 3, 2024 3:06 p.m. PDT. Share. Several North American department stores are joining forces under a deal that will see Hudson's Bay Co. buy Neiman Marcus and spin it out into a larger ...

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4. www.thestar.com › business › a-sort-of-fashionReported deal by Hudson’s Bay to buy Neiman Marcus

   www.thestar.com › business › a-sort-of-fashion

   4 days ago · Citing multiple sources, both the Wall Street Journal and New York Times reported the deal will see Toronto-based Hudson’s Bay Co., the parent company of Saks Fifth Avenue, pay US$2.65 billion ...

5. en.wikipedia.org › wiki › Hudson's_Bay_CompanyHudson's Bay Company - Wikipedia

   en.wikipedia.org › wiki › Hudson's_Bay_Company

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   1 day ago · The Hudson's Bay Company (HBC; French: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, and now owns and operates retail stores across the country.

6. www.theglobeandmail.com › business › article-hbcHBC should apply learnings from new Saks Global company to ...

   www.theglobeandmail.com › business › article-hbc

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   2 days ago · Retail consultants say Hudson’s Bay Co. should apply lessons it learns from a newly-announced deal uniting several department store giants to its Bay business. The deal announced Thursday will ...

7. www.thestar.com › business › hudsons-bay-co-buyingHudson's Bay Co. buying Neiman Marcus for US$2.65 billion

   www.thestar.com › business › hudsons-bay-co-buying

   3 days ago · TORONTO - Hudson’s Bay Co. has announced a deal to buy luxury department store rival Neiman Marcus for US$2.65 billion.

8. People also ask

   What is Hudson's Bay known for?

   • A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, and now owns and operates retail stores across the country. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay ( La Baie in French).

   Hudson's Bay Company - Wikipedia

   en.wikipedia.org/wiki/Hudson's_Bay_Company

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   Is Hudson's Bay still a luxury brand?

   • While the luxury market many of Hudson’s Bay brands play in is more immune to economic swings, the glory days of the department store model are long gone. Neiman Marcus filed for bankruptcy protection in May 2020 but managed to survive. Rival Nordstrom left Canada last year, saying it did not “see a realistic path to profitability” in the country.

   HBC should apply learnings from new Saks Global company to the Bay, …

   www.theglobeandmail.com/business/article-hbc-should-apply-learnings-from-new-saks-global-company-to-the-bay/

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   When did Hudson's Bay become a department store?

   • Hudson's Bay Montreal Downtown. Originally the flagship store for Morgan's, the department store chain was acquired by HBC in 1960. In 1960, the company acquired Morgan's allowing it to expand into Montreal, Toronto, Hamilton, and Ottawa. In 1965, HBC rebranded its department stores as The Bay.

   Hudson's Bay Company - Wikipedia

   en.wikipedia.org/wiki/Hudson's_Bay_Company

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   Does Hudson's Bay need a department store?

   • “So there isn’t that same need for (the department store),” she said. If Hudson’s Bay doesn’t turn things around, Amlani feels the consequences could be extreme. She predicted the chain may have to close locations that are not profitable or introduce a smaller, localized format of stores.

   HBC should apply learnings from new Saks Global company to the Bay, …

   www.theglobeandmail.com/business/article-hbc-should-apply-learnings-from-new-saks-global-company-to-the-bay/

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9. retail-insider.com › retail-insider › 2024Hudson’s Bay Company to Acquire Neiman Marcus with Amazon

   retail-insider.com › retail-insider › 2024

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   4 days ago · The Hudson’s Bay Company has struck a deal to acquire US-based luxury retail chain Neiman Marcus, as first reported in the Wall Street Journal.The $2.65 billion deal involves Amazon becoming a minority shareholder in the newly formed Saks Global division, which will operate in the US while its Canadian Saks operations with three stores remain uncertain.