On May 2nd King Charles ll grants the group of initial investors, the government and the company of Adventures into the Hudson Bay. The Royal charter allows the company for monopoly to trade.
Northwest Company and HBC emerge
The amalgamation agreement is signed between both parties. George Simpson overseas the merger and becomes the new Governor. HBC now controls more than 3 million square miles of land.
HBC anti-liquor regulations approved.
Final HBC anti-liquor regulations are approved by Council at Red River on June 17th. Attempts made by Americans to lure fur trade from Fort Garry to US Post at Pembina are being restricted. Fort Victoria is built to house troops to regulate.
HBC establishes its Wholesale operations
HBC establishes the wholesale department to sell liquor, tobacco, tobacco supplemented fur, coffee, tea, confectionary, canned salmon, and blankets
HBC organizes itself in three Divisions
Harrods Department store joins HBC on an Inspection tour of HBC stores in Canada. Reports recommends the division of operations into 3 separate departments: Fur Trade, Land Sales, Retailing.
HBC acquires 51% of shares of Réveillon Frères
HBC signs an agreement with Paris-based fur trading operation Réveillon Frères, becoming the majority shareholder of the company with 51% of shares
HBC acquires with Réveillon Frères
At this point HBC acquires the remaining interest in Réveillon Freres and winds up the company. It combines its assets and business with its own helping the company grow greatly.
HBC introduces "The Bay" banner.
HBC is converting its retail stores to the new brand except for those former Morgan's stores in Quebec. They started opening more branches in this time and so every time they opened a new store, they decided to name it “The Bay”
HBC stops its fur trade operations.
HBC sells its fur trade operations which are the Northern Stores Division to a group of investors and 415 employees. Three years later the company assumes the North West. Company name
HBC is acquired by American businessman Jerry Zucker,
The American takes it private, thus ending almost 336 years as a publicly traded company. The trade is worth $1.06 billion.