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About HBC
Industries
Consulting
Financial Services
Education
Healthcare
Consumer Goods
Company Size
10,001+
Company Stage
Post IPO Equity
Headquarters
New York City, New York
Founded
1670
Overview
HBC operates as a holding company with a diverse portfolio that includes retail, technology, and real estate. It owns well-known retail brands such as Saks Fifth Avenue and Hudson’s Bay, which operate physical stores, as well as ecommerce platforms like Saks and Saks OFF 5TH, which focus on luxury fashion and off-price luxury goods online. HBC's business model integrates traditional retail with modern ecommerce, allowing it to reach a wide range of customers. The company also invests in real estate, managing approximately 42 million square feet of properties across North America, and has a division dedicated to property development that enhances its real estate assets. HBC's goal is to leverage its extensive portfolio to create value through both retail and real estate investments, positioning itself uniquely in the market.
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Simplify's Take
What believers are saying
- The Saks-Neiman Marcus merger strengthens HBC's market position in luxury retail.
- Personalized shopping experiences drive revenue growth in the luxury sector.
- Regulatory approval of the merger paves the way for operational synergies.
What critics are saying
- HBC faces competition from e-commerce giants like Amazon and Alibaba.
- Consumer shift towards sustainable fashion challenges HBC's current supply chain.
- Economic uncertainty and inflation may reduce consumer spending on luxury goods.
What makes HBC unique
- HBC's merger with Neiman Marcus and Bergdorf Goodman creates a luxury retail powerhouse.
- The company focuses on personalized luxury shopping experiences to attract wealthy consumers.
- HBC's strategic acquisitions reinforce its commitment to brick-and-mortar retail.
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Funding
Total Funding
$187M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Flexible Work Hours
Employee Discounts
Company News
On Friday, the Hudson's Bay Company announced an update to its Companies' Creditors Arrangement Act (CCAA), which it filed earlier this month.
The parent company of Saks, the Hudson Bay Company (HBC), just completed a deal late last year merging Saks Fifth Avenue with two other luxury retail brands, Neiman Marcus and Bergdorf Goodman.
Hudson's Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk.
TORONTO - Hudson's Bay Co. says it has laid off 41 staff as it revamps the retailer's structure.
The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with the transaction has expired, the luxury retail companies said in a Wednesday (Aug. 21) press release. “The expiration of the HSR Act waiting period satisfies a closing condition for the transaction,” the release said. “The transaction remains subject to other customary closing conditions. Until closing, the companies will continue to operate separately.”
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About HBC
Industries
Consulting
Financial Services
Education
Healthcare
Consumer Goods
Company Size
10,001+
Company Stage
Post IPO Equity
Headquarters
New York City, New York
Founded
1670
HBC is Hiring for 22 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to HBC