Full-Time
Retail and real estate investment company
No salary listed
Entry, Junior
Etobicoke, Toronto, ON, Canada
HBC is a holding company that manages a diverse portfolio of retail and ecommerce businesses, including Saks Fifth Avenue and Hudson’s Bay. It operates both physical stores and online platforms, with a focus on luxury fashion and off-price luxury goods. HBC also has a significant real estate presence, managing around 42 million square feet of leasable space across North America. The company aims to create value by integrating its retail operations with its real estate investments.
Company Size
10,001+
Company Stage
Post IPO Equity
Headquarters
New York City, New York
Founded
1670
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Health Insurance
Dental Insurance
Vision Insurance
Flexible Work Hours
Employee Discounts
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.”