Latest news with #HudsonsBayCompany
CTV News
a day ago
- Business
- CTV News
Court approves sale of Hudson's Bay trademarks to Canadian Tire
This composite image shows signage of Canadian Tire, left, and the Bay. THE CANADIAN PRESS/Sean Kilpatrick, Pawel Dwulit 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 North apparel line, trademarks like 'Bay Days' and the Zellers catchphrase 'lowest price is the law' as well as a contract with Pendleton Woolen Mills, an Oregon-based blanket and clothing maker. The sale to Canadian Tire was the buzziest matter Osborne presided over Tuesday. At the same court hearing, he also approved a receivership application for a joint real estate venture Hudson's Bay was part of and made a declaration helping employees receive funding to recover from the collapse of their employer. The approvals came months after Canada's oldest company filed for creditor protection and days after it closed all 96 of the stores it ran under its Bay and Saks banners on Sunday. Osborne called the weekend closures 'a milestone, albeit an unhappy one' that amounts to 'the end of an era.' Hudson's Bay has said the sale and closures were necessary because the 355-year-old company was not able to attract an investor to keep some semblance of the current business alive. Canadian Tire, which also owns SportChek, Party City, Mark's and Pro Hockey Life, wound up being the winner of the Bay's trademarks after the ailing company and its advisers invited 407 people and firms to bid on the intellectual property and other assets. Ashley Taylor, a lawyer for Hudson's Bay, told Osborne that 17 bids were received. Thirteen were for intellectual property but Canadian Tire's was superior, he said. 'The Canadian Tire transaction represents the highest and best process offer resulting from a competitive process,' Taylor said. What precisely gave Canadian Tire the edge is contained in a document Taylor has asked the court to seal because it contains commercially sensitive information, including the amounts offered by the next highest bidders. Osborne granted the request. The Canadian Tire deal is the first of several Taylor is expected to ask a court to approve. He said Hudson's Bay will eventually return to court to get approval for B.C. mall owner Ruby Liu to take over up to 28 Bay leases to develop a new department store. That deal needs the support of landlords. He also teased that two other deals concerning some of the other properties the Bay used will be announced soon. The Canadian Tire deal was being discussed at a hearing that spanned several issues, including a joint real estate venture the Bay has with RioCan Real Estate Investment Trust. The venture has leases for 12 properties the department store used, but RioCan wanted to put the partnership into receivership to protect its stakeholders and maximize the value it can recover. Receivership is a process allowing a third-party to take control of a company's assets, oversee their liquidation and repay creditors. Joseph Pasquariello, a lawyer for RioCan, wanted FTI Consulting Canada appointed as the receiver because his client's 'dollars are on the line' and it wants timely solutions. Osborne approved Pasquariello's request, saying it was 'just and convenient.' Osborne also recognized Hudson's Bay as the former employer of all the department store's workers who have been terminated. The declaration allows Bay's 9,364 staff, including more than 8,300 who have already lost their jobs, to recoup money they may be owed from the retailer under the Wage Earner Protection Program Act. People who qualify under the federal program can earn up to $8,844.22 this year. This report by The Canadian Press was first published June 3, 2025.
Daily Mail
2 days ago
- Business
- Daily Mail
CHRISTOPHER STEVENS reviews Dover 24/7: Britain's Busiest Port - From spies to three million bananas, it's all in a day's work
Dover 24/7: Britain's Busiest Port (Ch4) Talk about a logistical nightmare. The business of keeping our supermarkets stocked with bananas is enough to drive anyone . . . well, round the bend. A single consignment of fruit from Ecuador can consist of three million bananas packed onto nearly 700 pallets. They arrive in the UK on a 140,000-ton container vessel so huge that it takes four nautical miles to slow down. Once in dock, cargo operations manager Rob supervises two remote-control cranes that do the unloading. Andy oversees their delivery to two vast ware-houses. Kev checks every pallet for damage. And another Andy ensures the bananas are kept at exactly 14°C, to prevent them from ripening too soon. This entertaining portrait of efficient teamwork, in Dover 24/7: Britain's Busiest Port, reminded me of those short information films that used to run before the main feature at Saturday morning cinema shows. The marvellous Talking Pictures TV channel (Freeview 82) airs one of these most days, a glimpse of postwar Britain under the Look At Life banner. Several are available on their website too, including one from 1967 called The Hidden Strength. The first five minutes depict the Port of London at work — a very different business to the one in Ch4's Dover documentary. One of the crates we see unloaded belongs to the Hudson's Bay Company, laden with furs from Canada. These join more pelts from Africa and Russia — including leopard and tiger skins, all to be sold at auction. At the London Commodity Exchange, brokers trade in cocoa, ginger, spices, rubber and sugar, as well as ivory tusks, ostrich feathers and ambergris — a fragrant wax from the stomach of sperm whales. When we hark back to 1967 now, we might think of the Summer of Love and Sgt Pepper, or perhaps LSD and the decriminalisation of gay sex. It's fascinating to see a different reality: mountains of big cat furs and the byproducts of the whaling industry. Maybe in 60 years or so, the port activity in Dover will seem equally alien. Which bits will date fastest is hard to guess, though perhaps it will be coppers Mark and Joe on their rounds, checking the clifftops for spies on surveillance missions. We didn't see them nick any foreign agents, but they did find one bloke gathering elderflowers for his homemade wine. Even in 1967, that didn't count as a major crime. Back on the dockside, they dealt with a Romanian man with seven passengers in a five-seater car. Barred from boarding a ferry, he was ordered to turn around and head back with half his family to his home in Birmingham — with a friend coming to transport the rest. You might wonder why, when nearly 1,200 people arrived on the south coast via overladen dinghies on Saturday, we can't allow a Romanian family to travel in the opposite direction, simply because their car is a bit crowded. I've given up trying to make sense of these rules. It's all bananas.
Yahoo
3 days ago
- Business
- Yahoo
Hudson's Bay last day
It's the end of an era for the iconic Canadian retailer, Hudson's Bay Company. It held its final liquidation sales at all locations Sunday, including Montreal, ending a chapter more than three centuries long. So what happens now to the vacant buildings? Phil Carpenter reports.
CTV News
27-05-2025
- Business
- CTV News
Court docs offer peek at massive trove of Hudson's Bay trademarks Canadian Tire wants
TORONTO — New court documents show the Hudson's Bay trademarks Canadian Tire hopes to acquire span well beyond the retailer's name, coat of arms and iconic stripes. If the companies get court approval for the $30 million deal they recently brokered, filings show Canadian Tire will own some of the country's oldest logos, its most memorable catchphrases and nods to parts of the Bay business that are now long gone. Included in the 350-page trove of trademarks are rights to the retailer's original name: the Governor and Company of Adventurers of England Trading into Hudson's Bay. Canadian Tire will also pick up the Zellers 'lowest price is the law' slogan, as well as bygone taglines like the 'official store of Christmas' and 'the official photographer of Canada's cutest babies.' Rounding out the intellectual property are rights to the names of now defunct household goods retailer Home Outfitters, the Bay's famed luxury business The Room, its Toronto event facility Arcadian Court and its Hudson North and Distinctly Home brands. Hudson's Bay is expected to ask a court to approve the sale of such trademarks on June 3, when it will also ask for a document describing why it chose Canadian Tire over 16 other bidders to be sealed because it contains commercially sensitive information. This report by The Canadian Press was first published May 27, 2025. Tara Deschamps, The Canadian Press
CTV News
27-05-2025
- Business
- CTV News
King Charles III delivering Canada's throne speech. Live updates here.
We're sorry, this content is not available in your country. [5004/403.72] For the first time in nearly half a century, a monarch is delivering Canada's speech from the throne from the Senate chambers, effectively laying out Prime Minister Mark Carney's goals for the upcoming parliamentary session. King Charles III and Queen Camilla arrived in Canada yesterday on Carney's request. Follow for the latest updates. 11:10 a.m. EDT: King begins speech with land acknowledgement King Charles opened his speech with a land acknowledgement, as the monarch recognized the Senate is situated on the 'unceded territory of the Algonquin Anishinaabeg people.' British colonialism in Canada began in 1670, when the Crown granted the Hudson'sBay Company legal and trading rights to lands surrounding the Hudson Bay – which comprised an area that would later form portions of Quebec, Ontario, Manitoba, Saskatchewan, Alberta and Nunavut. 'This land acknowledgement is a recognition of shared history as a nation,' he said. 'While continuing to deepen my own understanding, it is my great hope that in each of your communities, and collectively as a country, a path is found toward truth and reconciliation, in both word and deed.' 11:09 a.m. EDT: The King's speech begins The King, sitting at the head of the Senate and flanked by the prime minister, is beginning his opening words: 'It is with a sense of deep pride and pleasure that my wife and I join you here today, as we witness Canadians coming together in a renewed sense of national pride, unity, and hope.' 10:46 a.m. EDT: Métis fiddler performs Red River Métis fiddler Morgan Grace, 18, is performing for the King and Queen in the Senate chamber. Métis fiddlers are known for a style that's different from European and French-Canadian traditions. Red River Métis fiddler Morgan Grace Red River Métis fiddler Morgan Grace performs in the Senate chamber Their instruments'bottomstrings areoften tuned up from standardized tuning. Syncopated beats are common, according to the Manitoba Métis Federation's account. Luca Caruso-Moro, journalist 10:40 a.m. EDT: Trudeau attends royal visit Former prime minister Justin Trudeau also made an appearance today, photographed speaking with a number of familiar faces in Canadian politics past and present. Trudeau at royal visit Former prime ministers Justin Trudeau, left, and Kim Campbell speak ahead of King Charles delivering the speech from the throne in the Senate in Ottawa on Tuesday, May 27, 2025. THE CANADIAN PRESS/Adrian Wyld Among those people was another former prime minister, Kim Campbell, and Supreme Court of Canada Chief Justice Richard also made a notable choice in footwear: a pair of turquoise suede sneakers with orange stripes. Luca Caruso-Moro, journalist Trudeau shoes: Royal visit Former prime minister Justin Trudeau's shoes are shown ahead of King Charles delivering the speech from the throne in the Senate in Ottawa on Tuesday, May 27, 2025. THE CANADIAN PRESS/Sean Kilpatrick 10:19 a.m. EDT: First Nation drum group, Metis fiddler performing Local First Nation drum group Ottawa River Singers is performing for the group. Their performance comprises one of three Indigenous events scheduled today centring First Nations, Inuit, and Métis culture. Next up is 28-year-old Red River Métis fiddler Morgan Grace. Luca Caruso-Moro, journalist Ottawa River Singers perform for King Charles Ottawa River Singers perform for King Charles III, the Queen and their entourage in Ottawa. 10: 13 a.m. EDT: Carney greets the King and Queen Carney and his wife, Diana Fox Carney, are greeting the royals. They're joined by the Usher of the Black Rod J. Greg Peters, who earlier this year was gifted a sword from King Charles. In March, Peters met the king at Buckingham Palace to receive the ceremonial weapon. The usher is a 600-year-old position in Westminster-style parliaments, tasked with a combination of ceremonial and administrative duties. He acts as the personal attendant to the King when he is in Parliament. Luca Caruso-Moro, journalist 10:10 a.m. EDT: King gets 21-gun salute The King is now receiving full military honours. That includes a royal salute, a 100-person guard of honour from the 3rd Battalion of the Royal Canadian Regiment, an inspection of the guard and band, and the firing of 21 guns. 'God save the King!' yells someone from the crowd of onlookers. Luca Caruso-Moro, journalist King Charles III King Charles III formally inspects Canadian the Canadian honour guard. 10:05 a.m. EDT: Motorcades arrive for royal pickup The royals are getting an official escort to the Senate in Canada's state landau – a four-wheeled, mostly black and purple chariot used to carry ambassadors, heads of states, the governor general and other high-profile people during ceremonial events. The carriage is porting the King and Queen down Wellington Street to Parliament Hill, surrounded by 28 RCMP-supplied horses (groups of fourteen are split between the front and back of the landau). Luca Caruso-Moro, journalist King arrives at the Senate The King and Queen arrive on the Senate grounds in Canada's official state landau. 9:50 a.m. EDT: Kinew: Sovereignty 'should not be disrespected' Manitoba Premier Wab Kinew, who is in Ottawa for King Charles's speech today, says the visit sends a message that Canada's sovereignty 'should not be disrespected,' in reference to the country's 'bruising encounter' with U.S. President Donald Trump. He also said his province could play a pivotal part in national unity and external trade. 'Manitoba is a part of the west, but we're also a maritime province,' he told CTV News, noting its connection to Hudson Bay – which also touches Nunavut, Ontario and Quebec. The premier says that shared coastline could expedite resources from Canada's west to the east. Luca Caruso-Moro, journalist Manitoba Premier Wab Kinew Manitoba Premier Wab Kinew speaks to CTV News from Ottawa, Tuesday, May 27, 2025. What is a throne speech? This will be King Charles's 20th visit to Canada, but his first time delivering the throne speech. The speech from the throne opens each session of Parliament. The session cannot begin until it's delivered. Typically, Canada's governor general reads the speech as the monarch's representative. In 1957 and 1977, Queen Elizabeth II was in Canada and chose to read the speech herself. This year, Carney said the King's appearance 'underscores the sovereignty' of Canada. Mark Carney meets King Charles III Prime Minister Mark Carney has an audience with King Charles at Rideau Hall in Ottawa during a royal visit on Monday, May 26, 2025. THE CANADIAN PRESS/Sean Kilpatrick The royal arrival The King and Queen arrived Monday. Here's how their first day unfolded: 5:25 p.m. EDT: Queen sworn in as member of King's Privy Council Queen Camilla has been sworn in as a member of the King's Privy Council. According to the government's press release, the council is 'a group comprised of cabinet ministers, former cabinet ministers and other prominent Canadians appointed to advise The King on issues of importance to the country.' She signed the Oath Book as part of the ceremony. 'Admission to the Privy Council would provide The Queen with a constitutional role as an advisor to His Majesty on Canadian affairs,' the press release explains. 4 p.m. EDT: PM meets with King Prime Minister Mark Carney meets with the King. Carney says 'it's our honour to have you here.' The King and Queen will also hold audiences today with the leaders of three Indigenous organizations — Assembly of First Nations National Chief Cindy Woodhouse, ITK President Natan Obed and Métis National Council President Victoria Pruden. This is an addition to the schedule and should happen at 5:15 p.m. The Canadian Press 3:45 p.m. EDT: Gov. Gen. Mary Simon meets with King The King and the Gov. Gen. Mary Simon sit down for a meeting. The Governor General can be heard saying 'welcome home' as the two shake hands. Simon tells him that Canadians who came out to see him today have been very happy. The King responded in a low voice and was heard saying 'it's very kind.' The pair sat down, and media were ushered out of the room. The Canadian Press Gov. Gen. Mary Simon meets King Charles III Mary Simon, Governor General of Canada, has an audience with King Charles at Rideau Hall in Ottawa during a royal visit on Monday, May 26, 2025. THE CANADIAN PRESS/Sean Kilpatrick 3:15 p.m. EDT: King, Queen meet with Gov. Gen. Simon, PM Carney The King and Queen are exiting Rideau Hall. They'll soon have an audience with the Gov. Gen. Mary Simon, and later, Carney. 2:50 p.m. EDT: Royals at tree-planting ceremony The King and Queen will partake in a tree-planting ceremony, which according to a government press release, is said to symbolize friendship and co-operation between the two countries. The tree is a blue beech, which is native to Southern Ontario. This will be King Charles III's fifth tree planted at Rideau Hall and the second by the couple together. Planting of commemorative trees has been a Canadian tradition since the early 1900s. About the blue beech: The slow-growing tree will reach a height of around eight metres. Its bark is generally a smooth, dark grey colour, which coats branches bearing nuts that grow in a leaf-like structure called a bract. In nature, deer and beaver eat the blue beech's leaves and twigs. Birds and small mammals eat the tree's seeds and nuts. The trees are also popular hangouts for butterflies. 1:45 p.m. EDT: King drops the puck Ballet Aztlan performs at Lansdowne Park ahead of the King's arrival. Aztlan is the Aztec word for 'lands of the gods.' Several groups are performing to showcase Canada's unique mosaic of cultures. King Charles King Charles participate in a ceremonial puck drop with street hockey captains Chris Phillips, left and Desiree Scott during a visit to Lansdowne Park in Ottawa on Monday, May 26, 2025. THE CANADIAN PRESS/Christinne Muschi Children from the African Hockey Association and l'Association de hockey féminin Vallée de Gatineau are set to play a street hockey game, with the King dropping the puck. Honorary coaches are being introduced before the game starts. They include former Senators defenceman Chris Phillips and Olympic soccer gold medalist Desiree Scott. The receiving line for the King includes Minister of Canadian Identity and Culture Steven Guilbeault and Ottawa Mayor Mark Sutcliffe. The Canadian Press 1:37 p.m. EDT: Royals heading to Lansdowne Park The King and Queen are entering their motorcade, which will head to the first of a series of events scheduled over the next two days. The event takes place at Lansdowne Park on the north shore of the Rideau Canal. It's open to the public. King Charles King Charles and Prime Minister Mark Carney speak as they view a community gathering at Lansdowne Park in Ottawa during a royal visit on Monday, May 26, 2025. THE CANADIAN PRESS/Justin Tang The royals will meet Canadians, some of whom may have travelled a long way to take part in the visit. They'll also speak to local vendors and artisans who are meant to represent a variety of Canadian values, including diversity, inclusion and sustainability, government officials told members of the press in a previous technical briefing. 1:28 p.m. EDT: Queen gets red and white flowers Queen Camilla has been given a bouquet of red and white flowers, referencing the colours of Canada. Royal visit King Charles and Queen Camilla greet students from Stittsville and Gatineau at the Ottawa International Airport on Monday, May 26. (CTV News) 1:17 p.m. EDT: Royals touch down in Ottawa The King and Queen have arrived at an official reception centre at the Ottawa Macdonald–Cartier International Airport. Prime Minister Carney is also at the site to greet them. He's joined by Gov. Gen. Mary Simon and three Indigenous leaders: Assembly of First Nations National Chief Cindy Woodhouse Nepinak, Inuit Tapiriit Kanatami president Natan Obed and Metis National Council President Victoria Pruden. Also there to meet the royals: Ontario's lieutenant governor, Edith Dumont, and 25 members of the Royal Canadian Dragoons, the army's senior armoured regiment. King Charles King Charles and Queen Camilla's plane arrives at the Ottawa International Airport in Ottawa for a royal visit on Monday, May 26, 2025. THE CANADIAN PRESS/Sean Kilpatrick 1:05 p.m. EDT: Carney arrives at the airport Prime Minister Mark Carney has arrived at the airport to greet the royals. Students from local Ottawa schools are also standing in line to watch King Charles III and Queen Camilla arrive. Music played by the RCMP can be heard in the background as onlookers patiently wait. 12:30 p.m. EDT: First Nations leaders have a message Dozens of First Nations leaders from across the country gathered in front of Parliament Hill with a message for the King: respect your treaty partners. The leaders say they also want the Liberals to take action on reforming the child welfare system, protecting traditional lands and building infrastructure desperately needed in Indigenous communities. The Canadian Press 11:40 a.m. EDT: Change in national protocol CTV News royal commentator Richard Berthelsen says Canada's Gov. Gen. Mary Simon will be the one to welcome the King and Queen at the foot of the stairs upon arrival. Accompanying her will be the prime minister as well as other high-ranking officials, including the national Indigenous leadership. 'This is a very significant change in our national protocol where the leaders of the Assembly of First Nations, the Inuit Tapirisat and the Metis peoples, will be there to greet the King,' Berthelsen told CTV News. 11:00 a.m. EDT: Royal Family looks back in time Ahead of their visit, the Royal Family reminisced on their past visits to Canada, sharing photos to social media. In one photo, King Charles III, then-Prince of Wales, can be seen greeting crowds on Parliament Hill in Ottawa in 1975. In another, the King and Queen are seen in Brigis, N.L., during their first visit to Canada as a couple in 2009. Later today, Their Majesties will arrive in Ottawa, Canada. Take a look back at some of their previous visits to the country… 🍁 The then Prince of Wales greets crowds on Parliament Hill in Ottawa, 1975 (Getty Images) 🍁 Their Majesties in Brigis, Newfoundland and Labrador,… — The Royal Family (@RoyalFamily) May 26, 2025 10:50 a.m. EDT: Governor General's statement ahead of royal visit Canada's Gov. Gen. Mary Simon also released a statement this morning ahead of the royal visit, saying the trip 'holds profound significance' at this point. 'It reaffirms the enduring constitutional bond that has shaped Canada's journey into a proud and independent nation,' the statement says. 'Their visit invites us to reflect on who we are and to celebrate our distinct national identity.' The Governor General is expected to greet the King and Queen upon their arrival in Ottawa today at 1:15 p.m. EDT. 10:20 a.m. EDT: Prime minister's statement ahead of visit Prime Minister Mark Carney issued a statement earlier this morning welcoming the royal family to Canada. 'The Royal Visit is a reminder of the bond between Canada and the Crown – one forged over generations, shaped by shared histories, and grounded in common values,' the statement from the Prime Minister's Office reads. 'A bond that, over time, has evolved, just as Canada has, to reflect the strength, diversity, and confidence of our people.' King Charles III will deliver the speech from the throne in the Senate Chamber, the statement continues, nearly 70 years after Canada's sovereign first opened Parliament. Carney reiterated the bond between the two countries, while noting Canada's strengths in the 21st century. The prime minister also hinted at the contents of tomorrow's speech from the King, outlining 'the government's ambitious plan to act with urgency and determination, and to deliver the change Canadians want and deserve: to define a new economic and security relationship with the United States, to build the strongest economy in the G7, to bring down the cost of living, and to keep communities safe.' What is a throne speech? This will be King Charles' 20th visit to Canada, but his first time delivering the throne speech. The speech from the throne opens each session of Parliament. It outlines the Carney government's priorities for the session, which cannot begin until the speech is delivered. Typically, Canada's governor general reads the speech as the monarch's representative. In 1957 and 1977, Queen Elizabeth was in Canada and chose to read the speech herself. What does the King think about annexation? While Trump's annexation threats made headlines around the world, Buckingham Palace has remained silent. Asked directly for the palace's response in March, a spokesperson told CTV News that it's 'not something we would comment on.' While some Canadians would have liked to hear the King weigh in, the Statute of Westminster prohibits the monarch from acting outside of the advice of the minister of a given dominion, which for Canada is Carney. Earlier this month, Carney said he was the one to ask the King to visit, but did not specify whether he asked him to weigh in on Canada's relationship the U.S. Last week: King, Queen visit Canada House in London King Charles III and Queen Camilla visited Canada House in London last Tuesday. The visit was meant to mark Canada House's 100th anniversary. Home to Canada's diplomatic mission to the U.K., the grand building on London's iconic Trafalgar Square also showcases Canadian art, music and culture. Charles and Camilla met with officials including Canadian High Commissioner to the U.K. Ralph Goodale, who presented the monarch with a ceremonial key to Canada House. Charles' great-grandfather, King George V, was given a key made of Canadian bronze, silver and nickel when Canada House officially opened in June 1925. A video posted to the Royal Family's Instagram page shows the royals touring the building and chatting with Mounties and staff while a remix of Celine Dion's pop hit 'I'm Alive' plays in the background.
