Richard A. Baker (businessman)
Richard Baker is an American businessman. He is the Governor and Chief Executive Officer of the Hudson’s Bay Company. The Company operates Lord & Taylor, and Saks Fifth Avenue in the United States and Hudson's Bay, Home Outfitters, in Canada.
Early Life and Education
He grew up in Greenwich, CT, where he graduated from the Brunswick School. He went on to receive his undergraduate degree from Cornell University, where he was a member of the Phi Sigma Kappa fraternity.
He began his career in real estate, working with his father, Robert C. Baker, founder of their family’s business, National Realty Development Corp., one of the largest private owners of shopping centers in the United States. In 2006, he purchased Lord & Taylor, America’s longest continually operating department store, from Federated Department Stores. He has served as Chairman of Lord & Taylor since 2006.
In 2008, he bought the Hudson’s Bay Company, one of North America’s oldest companies, for which he also acts as the Chief Executive Officer. In 2012, the Hudson’s Bay Company went public and is listed on the Toronto Stock Exchange.
He is the non-executive chairman of the Retail Opportunity Investments Corporation, a real estate investment trust listed on the NASDAQ Stock Exchange that focuses on retail properties located on the east and westcoasts of the United States.
He sits on the Advisory Board of the Cornell University School of Hotel Management.
He is the namesake benefactor and sits on the Advisory Board of the Baker Program in Real Estate - an elite two-year graduate program in real estate at Cornell University.
- Hbc Department Stores
- Lord & Taylor
- National Realty & Development Corp.
- Retail Opportunity Investment Corp. (ROIC)
- Richard Baker, the Prince of Lord & Taylor
- UPDATE 2-Target to enter Canada with Zellers deal, own plans
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