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Reading: Canada’s iconic Hudson Bay brand to survive after sale to competitor
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Baner Club > Blog > Business > Canada’s iconic Hudson Bay brand to survive after sale to competitor
Business

Canada’s iconic Hudson Bay brand to survive after sale to competitor

The Hudson Bay Company - Canada's oldest corporation - will sell its brand to another iconic national retailer, Canadian Tire.

Last updated: 2025/05/16 at 8:22 PM
Published May 16, 2025
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The department store chain will sell its intellectual property for C$30 million ($21.5 million, £16.2 million) after applying for creditor protection.

The corporation, also known as HBC, made the move after closing all of its locations, citing US tariffs and a changing retail environment during the epidemic as insurmountable obstacles.

With more than 1,700 locations nationwide, Canadian Tire is another significant domestic company that offers everything from hardware to athletic products.

Why consumers are purchasing these blankets for hundreds of dollars
An over 350-year-old brand is at risk. HBC was established in 1670 and had a royal charter to regulate trade in certain regions of Canada. The business started selling wool “point” blankets made in Britain that had blue, red, green, and yellow stripes.

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zunaira arooj May 16, 2025 May 16, 2025
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