TheMcG@lemmy.ca to Canada@lemmy.ca · 2 days agoHudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 millionwww.thestar.comexternal-linkmessage-square22linkfedilinkarrow-up184arrow-down10file-text
arrow-up184arrow-down1external-linkHudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 millionwww.thestar.comTheMcG@lemmy.ca to Canada@lemmy.ca · 2 days agomessage-square22linkfedilinkfile-text
https://archive.is/https://www.thestar.com/business/hudson-s-bay-to-sell-name-stripes-brands-to-canadian-tire-for-30-million/article_f795840b-f5b0-5e32-a722-af171ead18c0.html
minus-squarewildbus8979@sh.itjust.workslinkfedilinkarrow-up11·2 days ago The Bay went out of business for a reason. The reason is that the private equity firm that bought them, sold the land that they owned to another private equity firm and then forced them to pay exorbitant rent on land that they had owned for literally hundred+ years.
The reason is that the private equity firm that bought them, sold the land that they owned to another private equity firm and then forced them to pay exorbitant rent on land that they had owned for literally hundred+ years.