US EditionCourt approves sale of Hudson’s Bay trademarks to Canadian Tire
- On June 3, 2025, an Ontario court approved Canadian Tire Corp.'s $30 million purchase of Hudson's Bay trademarks in Toronto after the retailer completed its liquidation sales and store closures.
- Hudson's Bay, Canada's oldest retailer at 355 years, sought a going-concern sale to keep some stores and e-commerce alive but failed to find investors despite 407 parties invited and 17 bids received.
- The deal includes the Bay name, Distinctly Home brand, Hudson North apparel, trademarks like 'Bay Days', Zellers catchphrase 'lowest price is the law', and a contract with Pendleton Woolen Mills.
- Judge Peter Osborne called the store closures 'an unhappy milestone' marking 'the end of an era' and said Canadian Tire's bid was the best possible outcome after a competitive process.
- More than 8,300 Hudson's Bay employees were terminated without severance but can claim up to $8,844.22 under the federal Wage Earner Protection Program following a court declaration.
43 Articles
43 Articles
Here Lies Hudson’s Bay Company, Murdered by Private Equity
Hudson’s Bay Company, Canada’s oldest retailer, didn’t die of natural causes — it was gutted by private equity. Stripped of assets and loaded with debt, it leaves behind job losses, endangered pensions, and a hollowed-out legacy reduced to branding rights.
Prince George Citizen
Court approves sale of Hudson's Bay trademarks to Canadian Tire
TORONTO — Canadian Tire Corp. Ltd.'s historic purchase of Hudson's Bay trademarks will go ahead after an Ontario judge granted permission for the deal.
Court Approves Sale of Hudson’s Bay Trademarks to Canadian Tire
Canadian Tire Corp. Ltd.’s historic purchase of Hudson’s Bay trademarks will go ahead after an Ontario judge granted permission for the deal. Judge Peter Osborne says the $30-million deal was the best possible outcome given the circumstances facing the Bay. The deal will give Canadian Tire rights to the Bay name, its coat of arms and its iconic stripes. Court documents have also shown the deal includes the Bay’s Distinctly Home brand, its Hudson…
TVA Nouvelles
Le Journal de QuebecAn Ontario judge this morning authorized the acquisition of 30 million dollars of Canadian Tire's Hudson Bay trade-marks.
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