Thursday, January 26, 2006

The Bay is gone ...

So much for patriotism over money. The board of directors of the Hudsons Bay Company have accepted a bid from US businessman Jerry Zuckerman to take over Canada's oldest company (founded in 1670) defeating the bid by the Canadian owned Onex Corporation. So Target will probably occupy some of the locations, others will be closed, most of the assets will be sold off.
Ho hum, why bother to be Canadian?
I guess the upside is all those old lady employees who are so good at ignoring you while shopping for themselves on their shift will be gone too.
The board members will take their American money and head for the WalMart sale.

1 comment:

  1. Anonymous11:25 am

    Canadians have no one to blame except themselves. They have been putting up with poor service and high prices at the Bay for years.They wonder why people shop in the States, better service and lower prices.The Bay employees will be replaced with minimum wage people, thanks to Campbell.


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