When Did Federated Become Federated Hermes?

Federated Department Stores, Inc. was founded in 1929 and became one of the largest department store chains in the United States. The company grew rapidly through acquisitions and mergers, eventually becoming known as Federated Department Stores, Inc. In 1994, the company changed its name to Federated Department Stores, Inc., which it would hold for over a decade.

However, in 2007, Federated Department Stores, Inc. announced that it was changing its name again to Federated Hermes. This change came about as a result of the company’s acquisition of May Department Stores Company in 2005.

The new name was chosen to reflect the company’s commitment to serving its customers with an even greater focus on luxury retail. The name change also represented a shift in strategy for the company, as it sought to expand its footprint in the luxury retail market.

The new name was unveiled at a press conference held on January 14th, 2007. At this event, Terry Lundgren, then Chairman and CEO of Federated Hermes, explained that the new name reflected the company’s commitment to providing exceptional quality and service to its customers.

Since then, Federated Hermes has continued to grow and evolve as a leading luxury retailer in the United States. The company has expanded its product offerings and opened new stores across the country.

In addition to its focus on luxury retail, Federated Hermes is also committed to sustainability and social responsibility. The company has implemented numerous initiatives aimed at reducing its environmental impact and supporting its local communities.

In conclusion, Federated Department Stores changed their name to Federated Hermes in 2007 after acquiring May Department Stores Company two years earlier. This change reflected their renewed focus on luxury retail and commitment to providing exceptional quality and service to their customers. Today, Federated Hermes continues to thrive as a leading luxury retailer while also prioritizing sustainability and social responsibility.