Canadian Press NewsAlert: Canadian Tire bidding on Hudson’s Bay assets, sources say
May 1, 2025 | 7:09 AM
TORONTO — 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.
More coming.
Tara Deschamps, The Canadian Press
