Canadian Tire to take over Hudson's Bay's iconic stripes, logos

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Business

On Thursday, Canadian Tire announced it volition wage $30 cardinal to instrumentality implicit Hudson's Bays intelligence property, including its famous 4 stripes motif, assorted institution names, logos, and the retailer's coat-of-arms symbol.

Canadian Tire acceptable to wage $30 cardinal to bargain section store's intelligence property

Sophia Harris · CBC News

· Posted: May 15, 2025 6:23 PM EDT | Last Updated: 7 minutes ago

Hudson's Bay stripes connected a hat, a container and a jacket.

Shoppers who stocked up connected Hudson's Bay blankets oregon different goods adorned with the iconic retailer's stripes, hoping they'd go collector's items, whitethorn beryllium successful for disappointment. On Thursday, Canadian Tire announced it volition wage $30 cardinal to instrumentality implicit Hudson's Bays intelligence property, including its famous 4 stripes motif, assorted institution names, logos, and the retailer's overgarment of arms symbol.

The woody inactive needs tribunal approval.

In March, indebted Hudson's Bay Co. was granted creditor extortion and enactment it assets up for sale. The 355-year-old retailer plans to adjacent its 80 Bay and 16 Saks-branded stores adjacent month. Canadian Tire, which has much 1,700 retail locations crossed the country, was established successful 1922.

"Some things are conscionable meant to enactment Canadian and we are honoured to invited galore of HBC's starring brands – including the iconic HBC overgarment of arms and the Stripes – into our Canadian Tire family," said Greg Hicks, Canadian Tire CEO and president successful a statement.

"It's disheartening to witnesser the last days of different large Canadian retailer, and portion the circumstances are unfortunate, we're arrogant to measurement successful for customers."

Although Hudson's Bay has become a awesome of Canada, the section store concatenation has been nether American ownership since 2006.

The aboriginal of the beleaguered retailer is not yet known; it has received 12 bids for 39 of its stores, according to tribunal documents.

Liquidation income astatine each Hudson's Bay's stores are expected to upwind up by June 1.

WATCH | Hudson's Bay to adjacent each stores:

Hudson’s Bay liquidates last 6 stores, including Toronto flagship

After trying to spare them from liquidation, Hudson's Bay is clearing retired merchandise from its six remaining locations, including its downtown Toronto flagship store.

ABOUT THE AUTHOR

Based successful Toronto, Sophia Harris covers user and concern for CBC News web, vigor and TV. She antecedently worked arsenic a CBC videojournalist successful the Maritimes, wherever she won an Atlantic Journalism Award for her work. Got a communicative idea? Contact: [email protected]