Why Simons and Holt Renfrew are unlikely to want all of Hudson's Bay's real estate

Why Simons and Holt Renfrew Are Unlikely to Want All of Hudson’s Bay’s Real Estate

When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of Canada’s last standing department stores: La Maison Simons and Holt Renfrew. Because their size and product mix resemble the Bay’s at first glance, the rivals might have seemed like the most logical fit for the millions of square feet the Bay and its sister businesses Saks Fifth Avenue and Saks Off 5th will…

Why Simons and Holt Renfrew are unlikely to want all of Hudson's Bay's real estate

When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of Canada’s last standing department stores: La Maison Simons and Holt Renfrew.

Hudson’s Bay stores closing their doors › Sunny South News

Dear Editor: The Hudson’s Bay company was established in 1670 by a royal decree from King Charles II and was granted monopoly rights over 3.9 million square meters of land stretching all the way from northern Ontario to the prairies, and from the Arctic down into what is now northern United States. This was known as Rupert’s Land and HBC was a de facto government there for two centuries. The English and French were battling for control of the co…