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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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14 Articles
14 Articles
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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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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Coverage Details
Total News Sources14
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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