Wenghong Liu announces plans to buy Hudson's Bay
Wenghong Liu announces plans to buy Hudson's Bay
Chinese billionaire living in B.C. has announced on social media her plans to buy the chain. She says she wants to restore it to its former glory.
30 comments
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Nothing more Canadian than a foreign national buying up Canadian brands and pretending they are Canadian.
Bonus points for trying to use Canadian pride in a time of turmoil to secure the purchase.
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From what I read, she moved to Canada more than 10 years ago.
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Chinese billionaire Weihong Liu shared videos online announcing her plans
I guess you didn't read the part immediately following the headline that doesn't include "Permanent Resident" "Chinese-Canadian Dual citizen" or "Canadian Citizen".
A Chinese billionaire in British Columbia has taken to social media to announce her plans to buy dozens of Hudson's Bay locations after she saw "Canadians feeling sad" over the collapse of the retail giant.
Probably means you didn't read the first paragraph where she immediately separates herself from Canadians, and thus her time living here meaningless in the conversation, because she still clearly sees herself as "Not a Canadian".
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This isn't something new for HBC. From what I can see, they've has been foreign owned since at least 2006 and have claimed Canadianism hard for the last couple decades.
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This isn’t something new for HBC. From what I can see, they’ve has been foreign owned since at least 2006 and have claimed Canadianism hard for the last couple decades.
I never said it was new, and you can show the class what you are seeing if you wish to use it as evidence to support your assertion.
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Anyone taking bets on how long it will take for it to get enshittified faster than Tim Hortons?
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"Knowing that The Bay, this national brand that carries Canada's history, will collapse, I can't stand by and watch, you must do your best to do something, to save it, to let the Canadian spirit continue," Liu said in Mandarin. "Let the young generation in Canada fall in love with The Bay again."
Canada has seen a rise in national pride and cohesion since Trump started attacking us. My dad is a veteran and he said it was hurtful to see young Canadians hating the country for its past.
HBC is a huge part of the dark side of Canadian history. It's also a for-profit entity that failed to adapt to a changing market.
Some things are okay being history. If I had to trade the existence of HBC for my dad and other vets feeling a little better about the country they sacrificed so much for I'm glad to make it.
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My dad is a veteran and he said it was hurtful to see young Canadians hating the country for its past.
This feels like it's downplaying the horrors in our history.
I don't think there's many "young Canadians hating the country for its past." I do think younger people feel shame for some of our collective past actions and guilty for how they may benefit from those actions. Personally, think reconciliation is important, and that issues like residential schools are not done and gone because they're in the past, they continue to affect people in the present, and potentially for generations to come.
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I was just sharing how I interpreted his feelings and what he said. It wasn't meant to be a nuanced retrospective of Canadian colonialism
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I think there’s a lot of room in the market right now to leverage the HBC name and locations to implement a Costco-like retail experience but with a Canadian focus.
Best of luck to this endeavour
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That's actually a good idea. If the "Buy Canadian" thing hangs on, it would have a decent chance of succeeding.
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Even if the absence of a strong “buy Canadian” mindset I think people would reward an alternative to the retail landscape of today.
People over-focus on Costco’s pricing and under-focus on how they provide a good customer experience. They don’t play the retail games of boosting prices and then cutting them for a “sale”. They promote generic otc medication instead of only pushing expensive brands. They have good quality products, not cheap crap that looks good but doesn’t or doesn’t last.
So yeah it could be a great outlet for quality Canadian products but I also still want quality imports from our allies in Europe and Mexico and Asia and beyond. HBC could be that, if I had a billion dollars that’s what I would do.
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