Canada's iconic Hudson Bay brand to survive after sale to competitor
Source: BBC
The Hudson Bay Company - Canada's oldest corporation - will sell its brand to another iconic national retailer, Canadian Tire.The department store chain, which has applied for creditor protection, will sell its intellectual property for C$30m ($21.5m, £16.2m).The move comes after the company, also known as HBC, liquidated all its stores, citing a shifting retail landscape post-pandemic and US tariffs as…
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