On 16 July 2008, the company was sold to NRDC Equity Partners, a private equity firm based in Purchase, New York, which already owned Lord & Taylor, the oldest luxury department store chain in the United States. The Canadian and U.S. holdings were transferred to NRDC Equity Partners' holding company, Hudson's Bay Trading Company, as of fall 2008.
Answer this question, making sure that the answer is supposed by the text: is the hudson bay company the oldest company?
no