Hudson’s Bay Company Acquires Saks, Three Brands Come Together

July 30, 2013


HBCLoblaws made big news recently with its $12.4 billion acquisition of Shoppers Drug Mart a few weeks ago and now its Hudson’s Bay Company (HBC) turn.  The retailer announced it will acquire retailer Saks for approximately $2.9 billion, subject to regulatory approvals.  Upon completion we will now see three retail brands coming together, Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue.  This creates a powerful brand that will extend across the luxury, mid-tier and outlet retail sectors.

HBC will continue to build upon Saks’ market-leading position and identity as a luxury retailer. The combined company will operate 320 stores, including 179 full-line department stores, 72 outlet stores and 69 home stores in prime retail locations throughout the U.S. and Canada, along with three e-commerce sites.

HBC has very deep roots in Canadian culture, founded in 1670, It was at one time the largest landowner in the world, with Rupert’s Land having 15% of North American acreage.


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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 15 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses.
He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.

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