All Brands Owned by Hudson's Bay Company

What happened to Hudson's Bay Company?
Hudson's Bay Company filed for creditor protection under the CCAA in March 2025, citing $1.1 billion in debt. All 80 Hudson's Bay stores and 16 Saks locations in Canada closed permanently by June 2025. Canadian Tire Corporation acquired HBC's intellectual property, including the brand name, coat of arms, and trademarks, for approximately $30 million CAD. The company was formally renamed 1242939 B.C. Unlimited Liability Co. in August 2025. By February 2026, only 8 employees remained.

Is Hudson's Bay still open?
No. Hudson's Bay Company closed all of its department stores in Canada by June 2025 following its CCAA filing. The Hudson's Bay brand name and trademarks were acquired by Canadian Tire Corporation, which may use them for future retail or licensing purposes.

When was Hudson's Bay Company founded?
Hudson's Bay Company was founded on May 2, 1670, by royal charter from King Charles II of England, making it Canada's oldest corporation and one of the world's oldest continuously operating companies until its liquidation in 2025.

Who owned Hudson's Bay Company before it went bankrupt?
Hudson's Bay Company was controlled by Richard Baker's NRDC Equity Partners, which acquired HBC in 2008 for approximately $1.1 billion. Baker took the company private in 2020 after it had been publicly traded on the Toronto Stock Exchange since 2012.

Who owns the Hudson's Bay brand now?
Canadian Tire Corporation acquired the Hudson's Bay intellectual property, including the brand name, coat of arms, and trademarks, from HBC in 2025 for approximately $30 million CAD. The sale does not include HBC's art collection or royal charter, which were auctioned separately.

What was Saks Global?
In November 2024, HBC's parent company closed a US$2.65 billion deal to acquire Neiman Marcus Group, creating a new company called Saks Global. Saks Global holds the U.S. retail businesses (Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, Bergdorf Goodman) and approximately US$7 billion in real estate assets. The Canadian operations were separated as a stand-alone company that subsequently filed for creditor protection in March 2025.

How many people worked at Hudson's Bay Company?
At the time of its CCAA filing in March 2025, HBC employed approximately 9,364 people. At its peak in 2006, the company employed approximately 70,000 people. By February 2026, only 8 employees remained to complete the wind-down process.