It will cooperate closely with the public consultation announced by the Office de consultation publique de Montréal. Built in 1891, the former Morgan's store was purchased by HBC in 1960 and renamed The Bay in 1972. It is located across from the prestigious Phillips Square and is considered one of the most iconic stores in HBC's portfolio. About HBC HBC, LP is a holding company of portfolio businesses that operate at the intersection of retail and real estate. A long-term investor in iconic companies, HBC's valuable assets span top markets and prime locations across North America. Among HBC's portfolio companies are three distinguished retailers: Saks Fifth Avenue, a premier luxury retailer; Hudson's Bay, Canada's preeminent multi-category retailer; and Saks OFF 5TH, a leading off-price retailer.