What I find interesting about today's coverage of the purchase of the Hudson's Bay Company by NRDC Equity Partners LLC is not the fact of the sale but the comments from readers attached to articles covering the transaction. It seems that quite a few people think that the Hudson's Bay Company is owned by Canadians and is now being sold to Americans. Reading the discussions it occurs to me that a lot of people don't realize how many of Canada's large retailers are foreign owned. Perhaps if they did, they would be more interested in supporting independent retailers and keeping profits in Canada.
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Waking up to Foreign Ownership
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Lori Smith, , Editor-in-Chief
Lori Smith is the editor of Gifts and Tablewares, Canada's premiere gifts and tablewares magazine. Written for retailers of gifts, tablewares, housewares, stationery and home furnishing accessories, its objective is to help readers increase their sales and run their businesses more profitably by providing information on new products, merchandising, small business management, customer service, consumer behavior and industry news. The magazine is published six times a year by BIG Magazines, LP, a leading Canadian information company.
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This page contains a single entry from the blog posted on July 17, 2008 3:24 PM.
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