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Canada's oldest company, put into liquidation by American hedge fund(globalnews.ca)

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Em Adespoton@lemmy.ca
34 points

Worth noting that the hedge fund is a property investment company, not a business investment company. They’re in it for the real estate and don’t care at all about the business.

And since the HBC divided up BNA with Canada at confederation, they do still have a LOT of property.

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Track_Shovel@slrpnk.net
8 points

Very much this. At the same time, it’s clear from the article they wouldn’t let management manage issues so the Bay was cooked from the onset

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