 "Ever a third of Canada, now the company was 355 years old this company, seeking")
Canada’s oldest and most prestigious retail chain Hudson Bay company has stopped all its 80-departional stores in Canada. A few weeks earlier, the company celebrated his 355th anniversary. The company was the last traditional Department of Canada. But due to heavy debts, the company’s condition deteriorated and recently declared bankrupt. In the year 1670, Britain established the company for the fur trade and gave the land equal to one third of the part of Canada. Hudson Bay Company is not just a store but a part of the Canadian cultural identity. The company was the last traditional Department of Canada. The company has expelled its 89 percent employees.
In 2006, HBC bought a US businessman Jerry Zorquer in 1.1 billion. In 2008, it was also an owner of the NRDC equity partners, which is also a sex Fifth Avenue. ਮਾਰਚ 2025 ਵਿਚ, HBC ਨੇ ਕੈਨੇਡਾ ਦੇ ਕੰਪਨੀ ਕ੍ਰੈਡਿਟਰਜ਼ ਅਰੇਂਜਮੈਂਟ ਐਕਟ (CCAA) ਦੇ ਤਹਿਤ ਲੈਣਦਾਰ ਸੁਰੱਖਿਆ ਲਈ ਅਰਜ਼ੀ ਦਿੱਤੀ ਅਤੇ ਆਪਣੇ 80 ਹਡਸਨ’ਸ ਬੇ ਸਟੋਰਾਂ, ਤਿੰਨ ਸੈਕਸ, ਅਤੇ 13 ਸੈਕਸ ਆਫ 5ਵੇਂ ਸਟੋਰਾਂ ਨੂੰ ਬੰਦ ਕਰਨ ਦੀ ਪ੍ਰਕਿਰਿਆ ਸ਼ੁਰੂ ਕੀਤੀ।
All stores closed on June 1, 2025. In May 2025, HBC sold its intellectual property, such as trademark, logo and famous striped blanket design, Canadian Tire Corporation.
Hudson’s not saved Baker’s effort
The company has a US businessman Richard A. Was purchased by the Baker. Canadians started by the point of doubting suspicion as an American businessman became national pride of national pride. However, the Baker initially tried to give a better direction to the company.
He appointed experienced Canadian retailer Bony Brooks and invested in e-competers to compete with online retail. The company involved the traditional four-collective stripes of ‘Point Bluecat’ (green, red, yellow and Nile) in their products to strengthen their identity. But all the efforts could not save Hiveson Bay. Decrease in consumer expenses, the contest from the inflation, online retail and fast-fashion brands, and high-operating costs were the main reasons for its closing.