Hudson’s Bay Selling Assets to Canadian Tire for $30 Million
What’s Happening at Hudson’s Bay?
Hudson’s Bay has received the green light from an Ontario judge to sell its intellectual property to Canadian Tire for approximately $30 million.
According to reports, the deal includes the company’s iconic, multi-coloured stripes motif, its coat of arms, and other brand trademarks.
State of Hudson’s Bay
Hudson’s Bay officially filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in March.
Facing nearly $1 billion in debt, the company has been trying to avoid a total shutdown by restructuring and looking for a potential buyer.
However, it wasn’t able to secure the financing needed to move forward with that plan.
For a complete breakdown of Hudson’s Bay’s financial troubles, read our guide: Hudson’s Bay Bankruptcy and Layoffs 2025.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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