Reading the province this morning...

There is an interested American looking to purchase HBC/Zellers for 1 Billion... Any one have more info?

Americans buy many things off of Canada...If someone sells...HBC....then I will be ashamed of them

Why give away the little things that make us Canadian?

Well, it is a company that is in a lot of debt.

I don't have any info on hand, but I do know this isn't the first attempted US takeover of HBC.

I don't know if you know this, but the Hudsons Bay Company is the oldest corporation in the world. It was incorporated in the late 1600's.

If it is bought by an American, I would be a very dark day for me. Canadians are used to foriegn ownership for alot of things, but the HBC was an integral part of our country's history. I'd almost rather it go bankrupt than being sold.

P.S. I didn't hear anything about them being in debt?

Yeah say it ain't so eh? Part of the deal was for Zucher to pay off the debt as well.

The majority shareholder of HBC is an American. The guy does care alot (apparently) about the HBC and Canada's history. I don't remember his name, but you should look up info on him. He said (according to a news interview I saw a few days ago) that he probably wouldn't change much, and the company would still be "Canadian"

Why doesn't the owner of Tim Hortons buy some company shares...LOL

Why doesn't the owner of Tim Hortons buy some company shares...LOL
Wendy's, an American company, also owns Tim Hortons.

Actually, most companies that we think are Canadian are owned by Americans.

Sad, but true.

i dunno if i would shop at the bay if it became american. i shop there all the time. butt they do have to reimage themselves cuz a lot of their stuff is more focused on the old people.

If the company is in so much debt, why would the guy want to buy it? Especially if he isn't planning on changing it. How does he plan on making it profitable?

The majority shareholder of HBC is an American. The guy does care alot (apparently) about the HBC and Canada's history. I don't remember his name, but you should look up info on him. He said (according to a news interview I saw a few days ago) that he probably wouldn't change much, and the company would still be "Canadian"

well that's not so bad then.

I shop often at the Bay... I like their clothes and their housewares. I used to have a Bay card at one point...

i dunno if i would shop at the bay if it became american. i shop there all the time. butt they do have to reimage themselves cuz a lot of their stuff is more focused on the old people.

Ever shopped at WalMart? Sears? KMart? In Fact, i think even the Real Canadian Superstore is now a part of an American company.

The best way to support the economy is to buy Canadian from Canadian. To do that, you have to spend a little more at the smaller downtown stores. But, it's worth it in the long run. Thunder Bay started a shop local campaign and we're doing alright now.

I go to, er-Eatons. You don't like US department stores?

If the company is in so much debt, why would the guy want to buy it? Especially if he isn't planning on changing it. How does he plan on making it profitable?
They aren't in THAT much debt, but I guess his plan might include bringing The Bay into the American market. I would shop HBC over Sears/Eatons if they were to make it a little better.

Ever shopped at WalMart? Sears? KMart? In Fact, i think even the Real Canadian Superstore is now a part of an American company.



nope, RCSS is owned by the Westons... Canadas largest corporation. 100% Canuck.

Really? I take back the one or two times I called it stupidstore back in the 90s!

they have some good deals. At least it's not as bad as walmart. And it's clean.

I go to, er-Eatons. You don't like US department stores?

Eatons is bankrupt, and closed..

Arent there a few Eatons kicking around somewhere? I thought 2 or so remained open?

^ I think there were 5 re-vamped and opened by Sears, but they ended up folding as well. :no:

Wasn't the ownership of HBC bought off some British guys sometime in the last 30years? I seem to remember it being in British hands for most of its history...

Wendy's, an American company, also owns Tim Hortons.

Actually, most companies that we think are Canadian are owned by Americans.

Sad, but true.

You are wrong...Tim Horton's and Wendy's are still two separate entities...and they share the stakes 50/50...there is no majority owner...they are partners...neither company owns each other...the partnership enabled Tim Horton to advance to the US

Wendys is actually going to be selling off Tim Hortons in early 2006 to boost thier stock price.

Future Shop is owned by Best Buy now too

What's next canadian tire????