Pictured: Above – Façade of the old Hudson’s Bay Store; Below — Bay Centre, Victoria
NRDC Equity Partners and True North Retail Investments, an affiliate of The InterTech Group, Inc. and the owner of Hudson’s Bay Company, announced today the completion of a transaction in which NRDC Equity Partners acquired HBC and consolidated its ownership of Lord & Taylor, Fortunoff, and Creative Design Studios under a holding company called the Hudson’s Bay Trading Company. Combined, these companies comprise more than US$8 billion in retail sales, 75,000 employees, and 55 million square feet of stores in the United States and Canada. Hudson’s Bay Company, established in 1670, is North America’s oldest continually operating company. Established in 1826, Lord & Taylor is America’s oldest upscale department store.