What is Hudson's Bay Company?

Hudson's Bay Company (HBC Hudson's Bay Company; ; French: Compagnie de la Baie d'Hudson), formerly known as Chesapeake Company [4] or Chesapeake Company, also known as Gulf Department Store (English: The Bay;; French: La Baie)[5], registered in 1670, is the earliest commercial joint-stock company in North America and one of the earliest companies in the world. Now it is headquartered in Simpson Tower in Toronto, Ontario, Canada [6]. Its subsidiaries include Hudson Bay, Home Outfitters, Rod and Taylor, Saks Fifth Avenue and Zellers.

The company used to be the largest landlord in the world, and Rupert occupied a large area of land in North America. The former headquarters of the company is located in York workshop in Hudson Bay, from which the company has controlled most fur trade in British North America for many years. At the same time, the company also undertook the exploration of the early North American continent, which was the actual government structure in some parts of North America before the establishment of European colonies. Its merchants and orcs established cooperative relations with many local indigenous tribes, and its postal network gradually evolved into the official structure of Canada and parts of the western United States.

Hudson's Bay Company sold Rupert's territory to the newly established dominion of Canada on June 1869+0 19, and the Canadian government officially took over the land on July 1870. With the cancellation of its monopoly position in fur trade, the company entered the commodity market and sold necessities to new immigrants in western Canada. Today, the company has become the most famous department store in Canada. Hudson Bay Company Archives is located in Winnipeg, Manitoba, Canada.

On June 26th, 2006, the board of directors of Hudson's Bay Company unanimously agreed to Jerry Zucker's offer of $65,438 +05.25 per share (the original price was $65,438 +04.24 per share), ending the long-standing dispute between the company and the Southern California billionaire shareholder. At the press conference on March 9th, 2006, HBC announced that Jerry Zucker would replace George Heller as the new chairman and CEO, and he became the first American executive of the company.

In 2007, the records of Hudson's Bay Company became part of the UNESCO Memory of the World Project. This record contains the history of the company since the establishment of 1670. It also includes transaction records, medical records, employee personal diaries, inventory records, company reports, etc. The record of HBC company is considered as one of the earliest records in modern history.

201On June 6th, 5, Hudson's Bay Company acquired Germany103 Galeria Kauffhof chain store and its headquarters in Cologne, as well as 16 Sportarena chain store, 16 Galeria Inno Belgian chain store and logistics from Germany Metro Group for 3.36 billion Canadian dollars (2.8 billion euros).