Local icon disappearing
PRINCE GEORGE – It has been a landmark in Prince George for years. The Hudson’s Bay Company. There was a time when there was a push by then-Mayor John Backhouse to work with Cadillac Fairview to create a mall at that location. It didn’t happen easily, but now that anchor is about to disappear.
“The Hudson’s Bay Company was given a patent 350 years ago to open up Canada through trade, the fur trade,” notes Dr. Ron Camp II, Dean of the Faculty of Business and Economics at UNBC. “So then it expands and becomes a clothing store of major significance of Canada. It’s an icon for Canadian identity in a lot of ways.”
If its proposal is approved by the court without any changes, it will be able to start selling its inventory, furniture and equipment from all 96 stores in Canada to help pay back creditors. The sale needs to be completed by June 15. And it creates a void.
