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Hudson's Bay Company goes public

RBR Staff Writer Published 27 November 2012

Canadian department store operator, Hudson's Bay Company (HBC), has gone public with the listing of its shares on the Toronto Stock Exchange.

The company sold 21,475,000 of its common shares in an initial public offering at the exchange

HBC had begun as a fur trading business and was granted greater control of a vast territory stretching from the Canadian Arctic to the Great Plains by Britain's King Charles II.

Founded in 1670, Hudson's Bay Company offering a wide selection of branded merchandise in Canada and the United States through its three banners.

The chain operates 48 Lord & Taylor fashion stores across US, and 90 Hudson's Bay department stores and 69 Home Outfitters stores in Canada.