In V&D's latter days, Canadian retail group Hudson's Bay Company negotiated with the landlords to acquire most of the company's premises without having an interest in the company itself. In May 2016 Hudson's Bay Company (HBC) announced that it would take over up to 20 former V&D locations by 2017. HBC said the expansion would cost CAD $340 million and create 2,500 jobs in the stores and another 2,500 temporary construction jobs. The Dutch stores would operate under the "Hudson's Bay" and "Saks Off Fifth" brands.