We’re capturing Germany! Or rather, our oldest retail chain is. The Hudson’s Bay Company, which traces its history back to the 17th century fur trade, has announced a move to purchase Galeria Kaufhof, the top department store chain in Germany and Belgium. HBC already snapped up Saks Fifth Avenue and Lord and Taylor back in 2011. HBC’s ongoing expansion story is fascinating, and points to the panache of its governor and executive chairman, Richard A. Baker.
Read the full story
here.
Source: New York Times