this post was submitted on 27 Apr 2025
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The Hudson Bay Company was founded in 1670 and went bankrupt this year. To think a company that indirectly formed an entirely new culture 300 years ago is now going under is wild to me.
HBC was effectively a "country" for a good chunk of time as well. It had full autonomous control of the land, it's own 'government', provided public services, policing, and it's own military.
I think it's a shame. It did some awful things in its early years, and it was mismanaged lately. But, I wish there had been a way to allow it to continue to exist as a business, even if it was just a single store and more museum than business. Who knows, maybe it could have had a renaissance at some point. Now it's just something in the history books as one of the longest-lived companies.