I mean realistically, Canada and The Bay both started out as private equity strip mines in the first place, but pretty wild HBC's going under!
Reposted from Sean Marshall
The history of the Hudson’s Bay Company really is the business history of Canada. Starting out as a colonial economic power, it ends as a private equity strip mine.

Despite HBC’s long and checkered history, the end of the department store remains a real shame seanmarshall.ca/2025/03/10/t...

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