Thursday, July 17, 2008

Hudson's Bay -> Lord & Taylor


Retail - Department Stores


July 16, 2008 - North America's oldest retailer (338 years) to be acquired by America's oldest department store (1826).

HTML clipboard May 2, 1670 - England's King Charles II granted the "Governor and Company of Adventurers of England Trading into Hudson's Bay" a charter; trading monopoly in Hudson Bay drainage basin; March 2006 - acquired by The InterTech Group Inc. (North Charleston, SC) for $1.1billion; taken private; 2008 - Anita Zucker (widow) became first woman chief executive, or governor, in company’s 338-year history; HTML clipboard July 2008 - acquired by NRDC Equity Partners (owners of Lord & Taylor).




1826 - Samuel Lord opened first store on 47-49 Catherine Street in lower Manhattan (left in 1853); 1838 - George Washington Taylor (Lord's wife's cousin) joined firm as partner; 1859 - moved to Broadway and Grand Street; 1986 - acquired by May Company; August 30, 2005 - acquired by Federated Department Stores; June 22, 2006 - acquired by NRDC Equity Partners, LLC.

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