Radisson and des Groseilliers are voyagers from France who travelled to north of Lake Superior to begin a fur trading 1659 They went to Montreal and travelled to Lake Superior to begin a trade business with the Cree and Ojibwa people
The world’s oldest operating trading company is created on May 2nd,1670 by the Royal Charter 1670 King Charles II issues a Charter HBC to give them monopoly over all trade in the area. In return HBC pays the King two elk and two black beaver
Hudson Bay company builds its first trading post 1673 The first trading post is Moose Factory followed by Fort Albany, Fort Severn and York Factory HBC traders establish relationships with Aboriginal Peoples who transport European goods to their trading …show more content…
The settlement fits HBC’s strategy to increase trade inland
Hudson Bay company goes to Nanaimo and finds rich coal 1849 HBC employs Scottish miners to look in the Vancouver Island mines, when all they find is poor quality coal they search in other locations. HBC establishes a trading post in Nanaimo to get superior quality coal.
HBC separates its company into three separate departments: Fur Trade, Land sales, Retailing 1910 The Board of Directors identifies that fur trade and land sales are lacking a future. They are determined to realize HBC’s potential in retail sales. HBC finances shops to increase its retail section.
Hudson Bay company is now a Canadian Company 1970 Queen Elizabeth II grants HBC a fresh charter and the head office goes from England to Winnipeg in Manitoba.
Hudson Bay company has an online presence (www.hbc.com) 2000 Hudson Bay company opens their first website. This includes online shopping and information on the company. HBC believes this is necessary to stay in competition during the 21st century