Which company owned Zellers before it was acquired by Target?

Hudson's Bay Company owned Zellers before it was acquired by Target. Zellers was a popular discount department store chain in Canada and was part of Hudson's Bay Company's portfolio for many years. In 2011, it was announced that Target would be acquiring the leaseholds of several Zellers locations as part of its expansion into the Canadian market. This acquisition allowed Target to establish itself by repurposing existing retail spaces, benefiting from Zellers' established infrastructure and locations. Hudson's Bay Company, with its long history in retail in Canada, made it a crucial player in the evolution of the Canadian retail landscape, which later paved the way for Target's entry into the market.