Court OK's Hudson's Bay selling trademarks, like iconic stripes, to Canadian Tire

Sophia Harris · CBC News

· Posted: Jun 03, 2025 1:23 PM EDT | Last Updated: 1 hr ago

Hudson's Bay Co. volition unrecorded connected successful immoderate fashion, and what signifier it takes volition beryllium solely up to Canadian Tire. 

On Tuesday, the beleaguered section store got tribunal support to merchantability its intelligence property, including its iconic multicoloured stripes motif, to Canadian Tire for $30 million.

Bankrupt Hudson's Bay Co. volition usage the currency to wage immoderate of its debts earlier the 355-year-old retailer disappears entirely. On Sunday, the institution wrapped up liquidation income and closed its remaining 96 Bay and Saks-branded stores to the public. 

As portion of the $30-million deal, Canadian Tire will instrumentality ownership of not lone the Hudson's Bay stripes, but besides its institution names and different trademarks, specified arsenic its historical overgarment of arms symbol.

The large container retailer volition besides get each of the Bay's lawsuit data, including idiosyncratic information, and domain names for its websites, tribunal documents person shown. 

The woody excludes the storied company's art, artifacts and archives, arsenic good arsenic immoderate of its much than 9,000 employees, astir of whom person already been laid off. 

WATCH | Hudson's Bay closes each store: 

In March, indebted HBC was granted creditor extortion by Ontario Superior Court, putting its assets up for sale. Seventeen parties submitted bids for the retailer's intelligence property.

"The Canadian Tire transaction, among different things, provides for the highest acquisition terms of immoderate bid received … and truthful provides the top value," stated a tribunal document filed connected May 29. 

Canadian Tire, which has much than 1,700 retail locations crossed the country, says it has besides submitted a bid for "a handful" of Hudson's Bay's lease locations. According to tribunal records, HBC has received 12 bids for 39 of its leases. 

Last month, the Hudson's Bay announced it reached a woody to merchantability 28 lease locations successful Ontario, Alberta and British Columbia to Ruby Liu Commercial Investment Corp. The institution is indirectly controlled by B.C. promenade owner, Ruby Liu.

Liu plans to motorboat "a caller modern section store conception successful Canada," Hudson's Bay said successful a statement.

The retailer added that the woody inactive needs support from some the tribunal and the landlords controlling the 28 leases. "There tin beryllium nary assurances that the conditions to closing volition beryllium satisfied," stated HBC.