Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million (www.thestar.com)

submitted 1 month ago by TheMcG@lemmy.ca to c/canada@lemmy.ca

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[-] recursive_recursion@lemmy.ca 36 points 1 month ago* (last edited 1 month 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.

[-] ArdentYak@lemmy.ca 2 points 1 month ago

I'm not too surprised, but I think CT needs to be careful with how many product categories they have. Earlier this year they sold off the Helly Hanson brand ($1.3bil), so they've got a hole in their portfolio to fill during the 4-year/$2bil restructuring.

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this post was submitted on 15 May 2025

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