Purolator plans to roll out its first batch of fully electric vehicles in 2020
First founded in Quebec in 1986, this clothing line became known for its oversized crew-neck sweaters made of cotton.
During its heyday, Au Coton (officially called Originals Au Coton) operated 170 stores in Canada and 96 in the U.S. It rivalled Gap and Esprit as the the go-to for cool basics. But after the brand closed its last store in 2003, it faded into obscurity.
The success of Hudson’s Bay Co. executive chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, say corporate governance experts and analysts.
Much of Hudson’s Bay’s value is locked up in its real estate. Were the company to sell off some properties to raise cash, it could fetch more than what Baker offered, but would then be forced to pay rent to run some of its stores.
Baker’s buyout consortium, which already owns 57 per cent of Hudson’s Bay, has made a $9.45 per share offer for the remainder of the Canadian company, a 48 per cent premium to the price at which the stock was trading before the announcement.
However, some of the minority shareholders, including hedge fund Land & Buildings Investment Management LLC, say they value the company’s assets at between $28 and $33 per share...
The CIX Innovator of the Year Award is given out annually to a Canadian firm that transforms and disrupts an industry in profound ways. Past recipients of the award have included Shopify, Wattpad, Real Matters, Ecobee, Vision Critical, and Desire2Learn.
Le Château (which has more than 150 retail locations across Canada as well as an e-commerce platform serving Canada and the U.S.) has just removed all its remaining cashmere stock. The move comes in response to a new PETA Asia video investigation that shows workers holding down crying cashmere goats, bending their legs into unnatural positions, binding them with ropes, and tearing their hair out with sharp metal combs.
The Nordstrom Anniversary Sale is the retailer's biggest and best sale of the year, featuring brand new arrivals on sale for a limited time. On July 19, beginning 12:30pm EST online and local opening times in-store, customers will find the hottest trends plus all the essentials from a variety of their favorite brands.
Walter Robb took the stage at RCC's STORE conference to discuss the important marriage of physical and digital retail
The shares of high-end brand Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) is reeling from the lower sales growth projections. But a buying opportunity has opened for investors as the company is certain to triumph over this temporary obstruction.