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How Private Equity Failed North America’s Oldest Retailer

Hudson’s Bay is the latest victim of a strategy that involves saddling struggling retailers with debt and cutting costs to the bone, with predictable results, argues Doug Stephens.
Hudson's Bay has begun liquidating most of its stores.
Hudson's Bay has begun liquidating most of its stores. (Katherine KY Cheng)

Even before Canada or the United States existed, one intrepid retail company was trading in the wilderness of North America. Founded in 1670, The

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