The deal would allow products to be sold by Canadian Tire, which also owns SportChek and Mark's, but it still needs court approval.
  • recursive_recursion they/them@lemmy.caEnglish
    0·
    10 months ago

    Canadian Tire???

    huh I would’ve never imagined CT to buy Hudsons Bay

    For non-Canadians, my shock comes from the fact that:

    • Canadian Tire (which is primarily known as the place where you get your tires changed and maybe buy home appliances) bought
      • Hudsons Bay (which is primarily a retail clothing and beauty company).

    It’s like an ice cream company buying a travel agency; it’s not impossible, it’s just quite shocking if it happens.

    Edit:
    Oh wow I didn’t realize that CT already owned companies such as SportChek and Marks🤔 TIL.

    • stealth_cookies@lemmy.ca
      0·
      10 months ago

      Canadian Tire already owns SportChek and Mark’s, they are already in the clothing space.

      I also take issue with the description of Canadian Tire, they are a department store focusing on automotive, tools, home and garden, kitchen, and sporting goods.

      Their businesses aren’t that drastically different, and it sounds more like they want the brand for a smaller range of goods using HBC stripes.