Canadian department store owner Hudson’s Bay Co and joint venture partner RioCan REIT have signed a conditional agreement to sell HBC’s flagship store in downtown Vancouver for about $675 million (US$524.4 million) to an Asian buyer, a person familiar with the matter told Reuters. The buyer, who owns a closely held real estate company, is seeking to arrange interim financing from at least one Canadian lender, according to the person, who declined to be identified as the deal has not been made public yet. The source declined to identify or give the nationality of the buyer, but said the deal is expected to be finalized by mid-June.
Chanel has recreated Coco Chanel's promenade from Deauville France in the skybridge at Holt Renfrew in downtown Vancouver. Enjoy complimentary beauty services for yourself or with a group of friends
The City of Edmonton will be presenting the proposed zoning bylaw changes to accommodate cannabis stores at a public hearing Monday.
One of B.C.’s most successful restaurant-franchise entrepreneurs intends to expand into the Italian-food business by purchasing the 30-location, Vancouver-based Famoso Neapolitan Pizzeria chain, giving him a total of 171 restaurants.