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Canadian Tire is bidding on Hudson’s Bay assets, according to sources
With Hudson’s Bay liquidating all but six of its stores in Canada, items with their iconic HBC stripes are flying off the shelves. Emma Weller spoke with a Gatineau woman who has been collecting them for years.
Beleaguered retailer Hudson’s Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say.
The sources, who are not being named because they were not authorized to speak about the matter, say the household goods chain has made a bid for some of the faltering department store’s intellectual property.
Asked whether the company is making a bid, Canadian Tire did not provide a comment.
Anyone interested in owning Hudson’s Bay assets had until 5 p.m. on Wednesday to make a formal bid as part of …