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Hudson's Bay

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Here's some corporate trivia regarding the upcoming Olympics.

The Hudson's Bay Company, founded in 1670, is Canada's oldest company and one of the oldest in the world. Starting as fur traders, they are now a rather dowdy retailer losing market share to Wal-Mart. Yet they succesfully won the contract to design the traditional blankets of red, green, yellow and indigo that the Canada's athletes will wear in the opening ceremony.

However, by the end of the Olympics, the Hudson Bay Company will no longer be a Canadian company. It has been purchased by Jerry Zucker, an American investor.

Zucker is from South Carolina, never gives interviews, and is rarely seen in public.

Oh, Canada.

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