Canadian Tire Corporation is acquiring the intellectual property of Hudson’s Bay Company (HBC) for C$30 million (approximately US$21.5 million), marking a significant move to preserve a cornerstone of Canadian retail heritage.
The acquisition encompasses iconic assets such as the Hudson’s Bay name, the multicolored HBC Stripes dating back to 1779, the company’s historic coat of arms, and in-house brands like Gluckstein, Distinctly Home, and Hudson North. Notably, the deal excludes HBC’s extensive art and artifact collection.
This transaction follows HBC’s filing for creditor protection in March 2025, which led to the liquidation of all its stores, including 80 Hudson’s Bay locations and several Saks Fifth Avenue and Saks Off 5th outlets across Canada.
Canadian Tire, already a prominent national retailer with over 1,700 locations, views this acquisition as both a strategic and patriotic endeavor.
“Some things are just meant to stay Canadian,” stated Greg Hicks, President and CEO of Canadian Tire Corporation. “We are proud to steward these iconic brands into our – and their – next century.”
The deal is pending court approval and is expected to close later this summer.
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