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Posted AT 12:26 AM EST on 17/07/08

U.S. brand sets sights on Canada as HBC gets new owner

MARINA STRAUSS

From Thursday's Globe and Mail

The storied Hudson's Bay Co. is headed for another makeover, although its flagship name is secure for now, after Canada's oldest company changed hands Wednesday for the second time in less than three years. Richard Baker, a New York real estate magnate who is the company's new owner and 38th governor, says he is committed to the Bay name but wants to shake up Canadian retailing by importing his tony Lord & Taylor retail chain and stacking stores within large department stores.

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