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The Latest Breaking News from HBC

Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

How a real estate scion's risky dealmaking pushed Saks Global to the brink

With vendors angry and luxury shoppers deserting in droves, the department store chain’s new CEO, Richard Baker, faces a tough slog.

Fortune

HBC’s artworks and collections help us understand Canada’s origins — and can be auctioned off

The proposed liquidation of many of the Hudson’s Bay Company’s (HBC) collections that together trace over three centuries of Indigenous and European interaction across this continent represents a profound threat to Canada’s collective memory and identity.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

More than a department store: The long, complicated legacy behind Hudson’s Bay Company

The bankruptcy of the Hudson’s Bay Company (HBC) is often framed as the fall of “Canada’s oldest company.” Media narratives typically treat HBC as if it were a straightforward retail firm, albeit one with an exceptionally long history.

The Conversation

Hudson's Bay Company: From Fur Trade To Department Store Downfall

From the 17th century fur trade that birthed a nation to the last major department store in Canada, The Hudson's Bay Company has left an indelible mark, but its storied 354 years are crashing to an end.

International Business Times

Walk on the weird side: Tim Burton’s movies – ranked!

With his new sequel Beetlejuice Beetlejuice set to open the Venice International Film Festival on 28 August, we look back at the career of every goth’s favourite director

The Guardian - UK

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion,

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

The Independent UK

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Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon

The deal was reportedly sealed with some help from Amazon, which is taking a minority stake in the newly-formed group Saks Global

The Independent UK

Read, exchange, meet up; all for Hyderabad’s love of reading

Three initiatives - Hyderabad Book Club, book exchange idea by Ofen cafe in association with Turn the Page book club and Die Hard Book Readers are avenues for book lovers to come together, discuss, and share books.

The Hindu

Letters to the Editor: May 2023

On the Bay, Ottawa’s transit fiasco, and remembered cowboys

The Walrus

Why Hudson’s Bay Company’s Future Is in Question

HBC saw its start during London’s bubonic plague and might see its end in the aftermath of COVID-19’s retail devastation

The Walrus

The fur trade shows us that Canada has a long history of unethical business practices

With rising prices caused by inflation, Canadians are struggling to afford the basic costs of living. According to a recent Angus Reid Institute study, nearly 60 per cent of Canadians are struggling to provide food for their families. Meanwhile, profits are surging for grocery retailers, raising concerns about monopolies.

The Conversation

Gators to Sell Beer Honoring Steve Spurrier at Football Games

The HBC (Head Beer Coach) 1966 Lager will make its 2022 debut Saturday night when Utah plays Florida.

Sports Illustrated

Birdwatchers from India, Nepal and Bhutan to count birds in the Himalayas

First edition of the Himalayan Bird Count (HBC) to be held on May 14

The Hindu

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