Who did Canadian Tire just buy out?
Canadian Tire is buying Hudson’s Bay’s iconic stripes, coat of arms, various company names, logos and related intellectual property in a $30-million deal, as Hudson’s Bay liquidates its stores and winds down operations. The company also owns and operates Mark’s, PartSource, Sherwood Hockey, Sport Chek, Sports Experts, and the Canadian operations of Party City. It owns the intellectual property of the former Hudson’s Bay Company as of 2025.
Who is Canadian Tire Bank affiliated with?
In 2014, scotiabank signed a deal to buy a 20 percent stake in canadian tire’s financial services business, which includes canadian tire bank, for $500 million in cash as part of a strategic partnership between the two companies under which scotiabank was also permitted to buy up to an additional 30% (or sell back to . Canadian tire, which also owns sportchek, mark’s, party city and pro hockey life, declined an interview request but framed the sale as a way for it to prioritize its canadian retail portfolio and unlock value for the company and shareholders alike.
Who is Canadian Tire’s biggest competitor?
Canadian Tire’s top 9 competitors are Costco, Home Depot, Kal Tire, Lowe’s, Campbell’S, Canada Post, Trackwerks, RONA and Central Home Improvement Wrhs. Together they have raised over 34. B between their estimated 1. M employees. Canadian Tire has 32,056 employees and is ranked 5th among it’s top 10 competitors. Canadian Tire has confirmed it has laid off an undisclosed number of corporate employees as part of a broader transformation strategy aimed at strengthening its competitiveness in the evolving retail market.