Canadian Tire Pursues Hudson’s Bay Asset Acquisition, Sources Claim
Thursday, May 1, 2025, 10:21 am
In a surprising retail shakeup, Canadian Tire has reportedly made a bid for select assets of the beleaguered Hudson’s Bay chain, including key intellectual property. This strategic move signals a bold effort to rejuvenate its market presence as traditional department stores continue to face mounting challenges.
Une partie de la propriété intellectuelle du détaillant en difficulté l’intéresserait, selon deux sources.
The sources say the household goods chain has made a bid for some of the faltering department store's intellectual property
Beleaguered retailer Hudson’s Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say. The sources, who are not being named because they were not authorized to speak about the matter, say the household goods chain has made a bid for some of the faltering…
permalink / 3 stories from sources in 4 days ago #finance #trade #business #canada
More Top Stories...
Alberta Premier outlines plan in Ottawa livestream address
Alberta Premier Danielle Smith delivered a livestream address detailing her province’s strategy for renewed dialogue with Ottawa. She outlined bold initiatives and stressed the need for open discussion, all while the political tension simmers—proving that high-stakes negotiations can be both earnest and a rollercoaster ride. More...
NDP selects interim leader following election seat wipeout
Facing a dramatic reduction in seats post-election, the NDP has moved quickly to appoint an interim leader. The leadership meeting underscores the party’s urgent need to regroup and redefine its strategy, leaving both insiders and critics questioning if a fresh start might just be what’s needed. More...
Mark Carney embarks on Washington trip amid escalating policy challenges
Canadian financial heavyweight Mark Carney is journeying to Washington for a high-stakes meeting with U.S. officials amid mounting political and trade tensions. The visit, which has sparked considerable debate in policy circles, is being closely watched as it addresses shifting regulatory dynamics and broader transatlantic relations. More...
Sunoco to acquire Parkland in billion-dollar deal
U.S. energy giant Sunoco LP has inked a cash-and-stock agreement valued at US$9.1 billion, including assumed debt, to acquire Calgary-based Parkland Corp. The deal unfolds amid heated boardroom maneuvers and rival shareholder ambitions, adding a dash of corporate drama to North America's energy market. More...
OPEC+ output surge triggers significant dip in global oil prices
In a move that rattled global markets, OPEC+ announced a sizeable production increase, triggering a noticeable fall in crude prices as investors reacted amid thin holiday trading. The production boost has intensified concerns of oversupply and prompted recalibrations in market dynamics. More...
Related Tags
Finance
Sunoco to acquire Parkland in billion-dollar deal (3 hours ago)
Mark Carney embarks on Washington trip amid escalating policy challenges (5 hours ago)
Warren Buffett to step down with Canadian successor announced (42 hours ago)
Trade
Trump trade tariff targets non-U.S. movies with 100% levy (4 hours ago)
GM Oshawa Shifts Reduced Amid Tariff Fallout and Trade Uncertainty (3 days ago)
Legault and Carney Debate Trump, Trade, and Election Aftermath (3 days ago)
Business
Sunoco to acquire Parkland in billion-dollar deal (3 hours ago)
Warren Buffett to step down with Canadian successor announced (42 hours ago)
GTA renovation awards honor top custom home builders and designers (3 days ago)
Canada
Canada to test national emergency alert system this week (0 hours ago)
Fourth day search for missing children in Pictou County (0 hours ago)
NDP selects interim leader following election seat wipeout (0 hours ago)