Hbc sold to USA equity group :(

[Sally888]

Guess HBC has moved in the way of Timmies.

Hudson's Bay Company sold to NRDC Equity


Hudson's Bay Co. has been sold to a U.S. equity group in a move that will bring the upscale Lord & Taylor retailer to Canada.

Click here to read the rest of the article
HBC SOLD

[travelgeek]

HBC was already owned by an American. I have no issues with Americans owning Canadian companies if they can run them better.... certainly HBC was in trouble when they were Canadian owned.

As for Timmies, they are now Canadian and trade on the TSX (Wendy's spun them off a few years ago).

[LisaLisaBoBisa]

so how does this bring lord and taylor to canada? Are they changing the name of hbc? are they changing the name of some stores? i dont get it..

[travelgeek]

They are going to convert some of the existing stores, as well as sub-sections in other locations.

[Sally888]

If HBC was already USA owned they when do they promote it being purely Canadian and canadian owned? Does that make any sense?

[nv_jenn]

wow i never had an idea about either of those news stories.... i am rather disappointed... but confused at the same time, i thought they both especially timmies was canadian owned, frankly i think zellers sucks, the only reason i shop their is to accrue hbc rewards. I have never redeemed any but i trade them for air miles anyways.