Canadian Tire Bidding on Hudson’s Bay Assets, Sources Say

Canadian Tire Bidding on Hudson’s Bay Assets, Sources Say
A Canadian Tire logo is displayed on a store in Ottawa on Aug. 11, 2023. The Canadian Press/Sean Kilpatrick
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Beleaguered retailer Hudson’s Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say.

The sources, who are not being named because they were not authorized to speak about the matter, say the household goods chain has made a bid for some of the faltering department store’s intellectual property.