George Heller, President and CEO of Hbc said, “On behalf of the management of Hbc, we are pleased with the outcome of the auction process and fully support Zucker's enhanced offer.”
“We are anxious to get to work with Mr. Zucker on realizing the value that we know is inherent in this great company. I would like to thank the 70,000 associates of Hbc for staying focused and continuing our great tradition of serving our customers throughout this period,” Heller said.
Hudson's Bay Company, established in 1670, is Canada's largest department store retailer and oldest corporation.
The company provides Canadians with the widest selection of goods and services available through retail channels that include 550 stores led by the Bay, Zellers and Home Outfitters chains. It employs nearly 70,000 associates and has operations in every province in Canada.
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