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this post was submitted on 15 May 2025
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Canadian Tire???????
huh I would've never imagined CT to buy Hudsons Bay
For non-Canadians, my shock comes from the fact that:
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.
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.