Hudson’s Bay Company (Plain-Language Summary)
The Hudson’s Bay Company (HBC) was founded in 1670. It is Canada’s oldest company. It started as a fur trading company. Much later, it got involved in retail. It owns 250 department stores in Canada and the United States. These stores include Saks Fifth Avenue and Saks OFF 5th.
(This article is a plain-language summary of the Hudson’s Bay Company. If you are interested in reading about this topic in more depth, please see the full-length entry, Hudson’s Bay Company.)