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Canada's oldest company, put into liquidation by American hedge fund

9 comments
  • Worth noting that the hedge fund is a property investment company, not a business investment company. They’re in it for the real estate and don’t care at all about the business.

    And since the HBC divided up BNA with Canada at confederation, they do still have a LOT of property.

    • Very much this. At the same time, it's clear from the article they wouldn't let management manage issues so the Bay was cooked from the onset

  • The Bay is going out of business because of their insistence on remaining a "department store", high prices, and lack of adoption for any new technology.

    Their point of sale was still running on DOS last I checked, and the shopping experience felt like it was straight out of the 90s.

9 comments