Hudson's Bay Trading Company, L.P. was an American

portfolio company A portfolio company is a company or entity in which a venture capital firm, a startup studio A startup studio, also known as a startup factory, or a startup foundry, or a venture studio, is a studio-like company that aims at building several compan ...

for

NRDC Equity Partners NRDC Equity Partners (National Retail and Development Company Equity Partners; NRDC) is an American private investment firm focused on retail, real estate, and consumer branded businesses. History NRDC was founded in 2006 by Robert C. Baker, ow ...

, a

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

company. Hudson's Bay Trading Company was founded in 2008. NRDC Equity Partners was founded by Robert Baker and Richard Baker of National Realty and Development Corp., and William Mack and Lee Neibart of AREA Property Partners. Richard Baker served as President CEO of NRDC Equity Partners. On January 23, 2012,

The Financial Post The ''Financial Post'' was an English Canadian business newspaper, which published from 1907 to 1998. In 1998, the publication was folded into the new ''National Post'',"Black says Post to merge with new paper". ''The Globe and Mail'', July 23, ...

reported that Baker had dissolved Hudson’s Bay Trading Co., and

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

-based

Hudson's Bay Company The Hudson's Bay Company (HBC; french: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada. The company's namesake business di ...

will now operate both The Bay and

Lord & Taylor Lord & Taylor was the oldest brick and mortar department store in the United States, in business from 1826 to 2020. The brand was purchased during former owner Le Tote's 2020 liquidation bankruptcy and relaunched by new owner, Saadia Group, as ...

. This new entity will be run by The Bay CEO Bonnie Brooks. CEO Brendan Hoffman will leave Lord & Taylor and take over as CEO at the department store chain Bon Ton. Baker will remain governor and CEO of the business and Donald Watros will stay on as chief operating officer.Hudson's Bay Co. completes purchase of Lord & Taylor:report
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Assets

Canada *

, a

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

retail company consisting of: ** The Bay, a high-end

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appe ...

chain **

Zellers Zellers was a Canadian discount department retail chain and is currently a brand name owned by the Hudson's Bay Company (HBC). Founded in 1931 in London, Ontario, in later decades it was based in Brampton, Ontario. Zellers was acquired by HBC ...

, a mass-market department store ** Home Outfitters, a

home decor Interior design is the art and science of enhancing the interior of a building to achieve a healthier and more aesthetically pleasing environment for the people using the space. An interior designer is someone who plans, researches, coordin ...

retailer ** Fields, a

variety store A variety store (also five and dime (historic), pound shop, or dollar store) is a retail store that sells general merchandise, such as apparel, automotive parts, dry goods, toys, hardware, home furnishings, and a selection of groceries. It u ...

chain United States *

, a high-end department store chain

References

External links

NRDC Equity PartnersNational Realty & Development Corp.AREA Property PartnersLord & TaylorHbc Department Stores
{{Hudson's Bay Trading Company, L.P. Hudson's Bay Company Retail companies established in 2008 Retail companies disestablished in 2012 Retail companies based in New York City Holding companies of Canada Holding companies established in 2008 Holding companies disestablished in 2012 Holding companies of the United States