Hudson's Bay Company
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The Hudson’s Bay Company is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada and the United States. It has been a member of the International Association of Department Stores from 2001 to 2005. In 2006, an American businessman, Jerry Zucker, bought HBC for $1.1 billion US dollars, so it is no longer a Canadian-owned company. The company sold most of its European operations by August 2019 and its remaining stores, in the Netherlands, were closed by the end of 2019. HBC owns the Saks Fifth Avenue and Saks Fifth Avenue Off 5th stores in the United States; most other American operations were sold by mid-2019 and the last remaining stores were sold prior to the end of 2019. The company’s namesake business division is Hudson’s Bay, commonly referred to as The Bay.