At least the name and brand is back in Canadian hands again.
Indeed. Knowing how things have gone, this is honestly the best outcome I can think of.
4,400 pieces of art and artifacts including the royal charter that birthed the company in 1670.
That shit should be going to a museum, not bid on the open market. I imagine the reciever has to put them up for sale as assets, but that’s a travesty.
Love it. Glad to see the name staying around and glad to see it back in Canada.
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.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.
I’m just glad it’s staying in Canada
- Canadian Tire (which is primarily known as the place where you get your tires changed and maybe buy home appliances) bought
Ew.
