Latest news with #Stripes
Yahoo
10 hours ago
- General
- Yahoo
Army major on trial for rape charges involving more than a dozen women
An Army major charged with sexually assaulting or raping more than a dozen women over a four-year period in the Washington, D.C., area began this week at Fort Meade, Maryland. Maj. Jonathan Batt faces 63 accusations, which include 10 specifications of rape and 15 sexual assault charges against 17 women, according to the Army's Office of Special Trial Counsel. Batt also faces charges of aggravated assault, battery, obstruction of justice and abusive sexual contact. Batt has pleaded not guilty to all charges, his civilian attorney Nathan Freeburg told Stars and Stripes. The major was charged in October with 76 violations of the Uniform Code of Military Justice against 20 women. Some of the charges were dropped prior to trial because some of the victims declined to participate in the proceedings, Michelle McCaskill, spokeswoman for the Office of Special Trial Counsel, told Stars and Stripes. Army officer faces rape, sexual assault charges involving 20 victims Court documents show that Batt is accused of a variety of sexual and aggravated assaults on women in Arlington, Virginia, and Washington, D.C., between 2019 and 2023, Stripes reported. Some women allege Batt choked them until they were unconscious before he raped them. Other women allege he used sex toys on the women against their will and bit and slapped them without consent. His obstruction of justice charge stems from an allegation that he told one person not to speak with 'someone posing as a police officer' about 'sexual allegations that some women are making against me,' Stripes reported. Batt graduated from the U.S. Military Academy at West Point, New York in 2007. He was commissioned as an infantry officer and has served with the 82nd Airborne Division, 5th Ranger Training Brigade, the 3rd Infantry Division and the 75th Ranger Regiment. Batt served four combat tours in Afghanistan and was previously assigned to the Defense Department's Joint Artificial Intelligence Center in Crystal City, Virginia. The trial is expected to last until June 27, McCaskill told Stripes.
Calgary Herald
16-05-2025
- Business
- Calgary Herald
Canadian Tire buying Hudson's Bay stripes and brand name for $30M: 'Meant to stay Canadian'
Hudson's Bay Co. ULC has entered into an agreement to sell its intellectual property, which includes the HBC stripes and other brand labels, to Canadian Tire Corp. for about $30 million, as part of its effort to pay back about $1 billion to its creditors. Article content Article content The deal, which was announced on Thursday evening, has to be approved by an Ontario court and is expected to be completed by summer, HBC said. Article content Article content 'We are grateful that the HBC brand has found a home with another heritage retailer that encapsulates the uniquely authentic Canadian experience,' Liz Rodbell, HBC's chief executive, said in a statement on Thursday. 'I have no doubt they will be strong stewards of the more than 350-year HBC legacy as they move our iconic brands forward.' Article content Article content 'Some things are just meant to stay Canadian,' he said. 'It's disheartening to witness the final days of another great Canadian retailer, and while the circumstances are unfortunate, we're proud to step in for customers. Ultimately, customers are at the core of all we do.' Article content He said that the Stripes would 'add beautifully' to Canadian Tire's portfolio and that the other brands have long been 'known for their strength' and would be sought after by Canadian Tire's customers. Article content Article content The agreement is part of HBC's efforts to raise enough money to pay back its creditors. Aside from looking to sell its intellectual property, it is also in the process of liquidating all of its stores, monetizing its leases and selling its artifacts, which includes the historical charter, a document that gave the company exclusive trading rights over a portion of Canada in 1670. Article content Article content Canada's oldest department store went to court on March 7 to get an order that would protect it from its creditors as it struggled to pay its dues to landlords, vendors and service providers. It took the step after a landlord locked it out of a store in Sydney, N.S., and a team of bailiffs attempted to seize merchandise from a store in Toronto's Sherway Gardens mall. Article content The move was supposed to provide the company, which struggled to cope with the shift to online shopping, with 'breathing room' as it looked for financing. That plan, however, didn't work out, as trade tensions between the United States and Canada pushed potential financiers to the sidelines, it said.
Yahoo
16-05-2025
- Business
- Yahoo
Canadian Tire to take over Hudson's Bay's iconic stripes, logos
Shoppers who stocked up on Hudson's Bay blankets or other goods adorned with the iconic retailer's stripes, hoping they'd become collector's items, may be in for disappointment. On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson's Bays intellectual property, including its famous four stripes motif, various company names, logos, and the retailer's coat of arms symbol. The deal still needs court approval. In March, indebted Hudson's Bay Co. was granted creditor protection and put it assets up for sale. The 355-year-old retailer plans to close its 80 Bay and 16 Saks-branded stores next month. Canadian Tire, which has more 1,700 retail locations across the country, was established in 1922. "Some things are just meant to stay Canadian and we are honoured to welcome many of HBC's leading brands – including the iconic HBC coat of arms and the Stripes – into our Canadian Tire family," said Greg Hicks, Canadian Tire CEO and president in a statement. "It's disheartening to witness the final days of another great Canadian retailer, and while the circumstances are unfortunate, we're proud to step in for customers." Although Hudson's Bay has become a symbol of Canada, the department store chain has been under American ownership since 2006. The future of the beleaguered retailer is not yet known; it has received 12 bids for 39 of its stores, according to court documents. Liquidation sales at all Hudson's Bay's stores are expected to wind up by June in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Hudson's Bay to sell name, stripes, brands to Canadian Tire for $30 million
TORONTO — Hudson's Bay is getting a second life with a new owner — Canadian Tire Corp. Ltd. Canadian Tire said Thursday that it will pay $30 million for intellectual property belonging to the retailer, which is Canada's oldest company. The sale includes the overarching Hudson's Bay brand, its iconic, multicoloured stripes motif, its coat of arms and other brand trademarks. The deal allows products under these names to be sold by Canadian Tire, which also owns SportChek, Party City, Mark's and Pro Hockey Life, at their 1,700 stores. The exchange includes houseware brands Gluckstein and Distinctly Home, as well as apparel line Hudson North, said a source familiar with the deal, who is not being named because they were unauthorized to speak about it. Canadian Tire CEO Greg Hicks said the fall of the Bay is "disheartening to witness" but the deal his company reached is meant to be both "strategic" and "patriotic." "Some things are just meant to stay Canadian and we are honoured to welcome many of HBC's leading brands — including the iconic HBC coat of arms and the Stripes — into our Canadian Tire family," he said in a press release. His sentiment was echoed by Liz Rodbell, CEO of Hudson's Bay. 'We are grateful that the HBC brand has found a home with another heritage retailer that encapsulates the uniquely authentic Canadian experience,' she said in a press release. 'I have no doubt they will be strong stewards of the more than 350-year HBC legacy as they move our iconic brands forward.' The sale, which is expected to close this summer, still needs court approval. Companies that make purchases through creditor protection processes are under no obligation to make use of the brands they buy, but it's likely Canadian Tire will capitalize on any acquisitions. Its stores cover much of the same territory as Hudson's Bay, making it easy to integrate Gluckstein and Distinctly Home items into Canadian Tires and Hudson North into Mark's and SportChek shops. Canadian Tire's brands would also be a natural fit for the Bay stripes — likely the most valuable asset being acquired. The green, red, yellow and indigo motif dating back to 1779 has emblazoned clothing and blankets but also cookware, canoes, pet collars and patio furniture, which Canadian Tire sells. The proposed handover comes after Hudson's Bay filed for creditor protection in March, saying it was having significant trouble paying its bills because of factors including a slow recovery from the pandemic, lower downtown traffic and the tariff war with the U.S. Unable to secure funding to keep its 80 Bay stores and 16 others under the Saks banners alive, it started liquidating the shops and searching for a way to avoid the complete death of its brands. At stake was more than the legacy of the 355-year-old department store chain, because the company has also played a pivotal role in Canadian history. It was founded in 1670 as a fur-trading business that controlled much of the country's land, economy and Indigenous relations. While it started as a way to exchange goods such as beaver pelts, animal furs and point blankets, Hudson's Bay eventually morphed into a department store Canadians could count on for housewares, apparel and more. Consumers flocked to Bay locations to outfit their first homes, set up wedding and baby registries and take in holiday window displays. When Hudson's Bay started soliciting buyers for its brands, companies could seek to rebuild the business as a modern department store or just pick up and reimagine its brands. Adam Zalev, managing director at Bay financial adviser Reflect Advisors, said "numerous parties" were interested in the possibilities Hudson's Bay's assets offered. The company ultimately received 17 bids. Canadian Tire's focused on the intellectual property but also includes a bid for "a handful of lease locations." It is unclear whether the company intends to run those locations as Bay stores or use them for its other brands. Hicks said on a recent earnings call that Canadian Tire was not contemplating an acquisition of the Bay's entire operations because 'that is just not a good fit for us right now, given all the things we have going on.' Questions about the company's Bay offer emerged after The Canadian Press reported that two sources said Canadian Tire had bid on the intellectual property. Neither Hicks nor Canadian Tire confirmed the offer, but he said on the call, 'we have always considered attractive tuck-ins and brands and this time period is no different on that front.' The time period was also opportune for another reason: Canadian Tire had just made a big sale that would free up cash to make a major purchase. The retailer founded in 1922 announced earlier in the year that it was selling sportswear business Helly Hansen to Kontoor Brands. The almost $1.3 billion deal with the U.S. owner of clothing labels Wrangler, Lee and Rock & Republic boosted Canadian Tire's balance sheet with the kind of cash it would need for a Bay deal. While the Bay's brands have found a home at Canadian Tire, its massive leases in prime shopping neighbourhoods are still in play. Twelve parties have made bids for a total of 39 leases, with some bidders making a play for the same locations, recent court filings have said. Aside from its leases, Hudson's Bay is also looking for new owners for 4,400 pieces of art and artifacts including the royal charter that birthed the company in 1670. They are expected to be sold through an auction run by Heffel Gallery. This report by The Canadian Press was first published May 15, 2025. Companies in this story: (TSX:CTC.A) Tara Deschamps, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Canadian Tire buying Hudson's Bay stripes and brand name for $30M: 'Meant to stay Canadian'
Hudson's Bay Co. ULC has entered into an agreement to sell its intellectual property, which includes the HBC stripes and other brand labels, to Canadian Tire Corp. for about $30 million, as part of its effort to pay back about $1 billion to its creditors. The deal, which was announced on Thursday evening, has to be approved by an Ontario court and is expected to be completed by summer, HBC said. 'We are grateful that the HBC brand has found a home with another heritage retailer that encapsulates the uniquely authentic Canadian experience,' Liz Rodbell, HBC's chief executive, said in a statement on Thursday. 'I have no doubt they will be strong stewards of the more than 350-year HBC legacy as they move our iconic brands forward.' In a separate statement, Canadian Tire CEO Greg Hicks said that the 'choice' to buy HBC's intellectual property was 'strategic' as well as patriotic. 'Some things are just meant to stay Canadian,' he said. 'It's disheartening to witness the final days of another great Canadian retailer, and while the circumstances are unfortunate, we're proud to step in for customers. Ultimately, customers are at the core of all we do.' He said that the Stripes would 'add beautifully' to Canadian Tire's portfolio and that the other brands have long been 'known for their strength' and would be sought after by Canadian Tire's customers. The agreement is part of HBC's efforts to raise enough money to pay back its creditors. Aside from looking to sell its intellectual property, it is also in the process of liquidating all of its stores, monetizing its leases and selling its artifacts, which includes the historical charter, a document that gave the company exclusive trading rights over a portion of Canada in 1670. Canada's oldest department store went to court on March 7 to get an order that would protect it from its creditors as it struggled to pay its dues to landlords, vendors and service providers. It took the step after a landlord locked it out of a store in Sydney, N.S., and a team of bailiffs attempted to seize merchandise from a store in Toronto's Sherway Gardens mall. The move was supposed to provide the company, which struggled to cope with the shift to online shopping, with 'breathing room' as it looked for financing. That plan, however, didn't work out, as trade tensions between the United States and Canada pushed potential financiers to the sidelines, it said. HBC previously said that it had received bids from 17 parties for either the company's intellectual property. While the company did not state the name of the bidders, Urbana Corp., a Toronto-based investment firm with about $500-million worth of assets, in April said it had placed a bid to purchase HBC's brand name and the Royal Charter. 'Canadian Tire and the Hudson's Bay Company are among the nation's longest-standing companies, with a combined Canadian heritage measured in centuries,' said Hicks. ' We are honoured to welcome many of HBC's leading brands — including the iconic HBC coat of arms and the Stripes — into our Canadian Tire family.' Aside from the IP, Canadian Tire has also bid on a handful of lease locations, the company said. Toronto firm wants to buy Hudson's Bay's brand and charter, but expects tough contest Hudson's Bay to liquidate all remaining stores: court docs Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
