Founded in 1670 as "the Governor and Company of Adventurers of England trading into Hudson Bay," Hudson's Bay Co. once held title to big chunks of northern and western Canada, with fur-trading posts spreading across the country, offering European goods in exchange for Indian beaver pelts.
Those trading posts gave birth to some of the country's major cities. In 1870, the company transferred most of its lands to Canada, and its trading posts became one of the country's biggest department store chains.
On Thursday Canada's industry and heritage ministers gave the green light to Zucker's Maple Leaf Heritage to acquire Hudson's Bay, removing one of the last hurdles before the C$1.1 billion ($957 million) acquisition closes.
http://ca.today.reuters.com/news/newsArticle.aspx?type=domesticNews&storyID=2006-02-23T213252Z_01_WNB1426_RTRIDST_0_CANADA-RETAIL-HUDSONSBAY-MAPLELEAFHERITAGE-COL.XML
Note: http://ca.today.reuters...
Canada Approves US Buyout Of HBC
Posted on Monday, February 27 at 08:53 by AnonymousContributed By
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Gone to foreign buyers, almost everyone.
When will the Canadian government and business CEO's learn?
Probably not soon enough.
I know my lyrics aren't that good. Try to sing that to the theme "where has all the flowers gone?"
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"A person who walks in someone elses footprints leaves no footprints." Chinese Proverb
i used to shop at Robert L. Simpson's, Eaton's, The Bay, Woolco, WoolWorth's,
Savette, Kresge's, Bi-Way, Bargain Harold's, People's & Zellers.
i refuse to shop at Wal-Mart.
Sears Roebuck destroyed both Simpsons AND Eaton's...
then Sam's heirs got Wool Co. assets, dunno what happened to Kresge's,
then HBC took over Zellers which had taken over K-Mart Canada, now Zucker takes over HBC...
is People's still around anywhere, or are they gone too?
are there even any CDN Department Store Retailers left any more?
i'm going to have to try to buy everything in
"Canadian-Mark's-Tire-Work-WearHouse" now i guess...
and hey, Brewer's Retail DOES sell clothes now...
Oh Canada, why have thy Politicians foresaken thee...
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