Richard Baker
speaker
1,143 appearances
2 recordings
2 series
first heard May 2026
last heard 7 Jul
Richard Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
All over the world.
I bought the Hudson Bay Company in July 19th of 2008, about five minutes before they were going to go bankrupt because the financial crisis was hitting.
And I bought it and merged it with Lord and Taylor, which was another sickly U.S.
department store chain.
And we kept both of those businesses going for, you know, 15, 16, 17 years longer than they otherwise would have.
And but this is a difficult world.
We monetize those businesses.
We created as much value as we could.
We kept as many people working as many vendors, you know, supplying inventory and going.
But at the end,
Those two particular businesses got put to bed and no longer exist.
I bought it for $1.2 billion.
But when I bought it, it's kind of a funny story.
I bought it as a real estate developer.
So real estate developers don't normally buy $1.2 billion companies.
And-
I started in mid-tier operating companies, and then I moved into, as you said, luxury retail companies.
But all of it was based on real estate.
I only bought the businesses in order to capture the real estate.
And when I bought all of these businesses, I financed them 100% of the purchase price or almost 100% against the real estate.
Showing 21–40 of 1,143 · page 2 of 58
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