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Two of Canada’s wealthiest families have teamed up to make $18M bid for Hudson’s Bay
The families pledged $5 million for preservation and Indigenous consultations while planning to donate the 1670 charter to four Canadian museums, ensuring public access.
- The Thomson family, including DKRT Family Corp., and the Weston family, via Wittington Investments Limited, jointly offered $18 million to buy the 1670 Hudson's Bay charter for donation to four public custodians, court filings show.
- Facing creditor protection and heavy debt, Hudson's Bay Company sought to sell assets after entering creditor protection and carrying more than $1-billion in debt, closing stores across Canada and liquidating inventory to pay creditors.
- After talks with Hudson’s Bay and advisers, the joint bid first submitted $16 million, then increased to $18 million, from the Westons and David Thomson's DKRT Family Corp.
- A court will reattempt permission for the auction on Nov. 21; potential bidders must signal interest by Nov. 28 and the auction must occur no later than Dec. 6.
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16 Articles
16 Articles
TVA NouvellesReposted by 
Le Journal de Quebec
Le Journal de QuebecThe joint proposal by Weston and Thomson would allow archives and museums to share the document.
·Montreal, Canada
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Global NewsReposted by 
dailyguardian.ca
dailyguardian.caTwo of Canada’s wealthiest families have teamed up to make $18M bid for Hudson’s Bay charter - National
Two Canadian families want to acquire the 1670 HBC Royal Charter and donate it to public museums, ensuring long-term preservation and national access.
·Toronto, Canada
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Westons, Thomsons to team up for $18M bid on historic Hudson's Bay charter
TORONTO — Two of Canada’s wealthiest families want to team up to make an $18 million bid for the royal charter that formed Hudson’s Bay Company and donate it to a group of museums to ensure the historic document’s preservation. Court documents filed late Friday say holding companies belonging to the Thomson and Weston families […]
·Toronto, Canada
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Winnipeg Free PressReposted by 
Western Investor
Western InvestorCP Westons, Thomsons to team up on bid for Hudson's Bay charter: docs
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources16
Leaning Left6Leaning Right2Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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