Hudson’s Bay Company, Re, 2025 ONSC 3328
2025-06-03
Read full decision. Summary prepared by Alan Macek:
First, approval is sought of the asset purchase agreement (the “APA)” dated as of May 15, 2025 between The Bay LP and Canadian Tire Corporation, and the transactions contemplated by that APA. The assets consist largely of intellectual property of Hudson’s Bay, including its iconic stripes and logos, together with related assets and rights. ... I agree with that recommendation. The evidence establishes that the Canadian Tire Bid was the most favourable bid for the intellectual property portfolio and represents the highest and best offer in a competitive, open and transparent SISP. Moreover, the APA will permit the Hudson’s Bay brand to continue in Canada by allowing the iconic stripes, logos and intellectual property to be utilized by another well-known Canadian retailer in Canadian Tire, with a presence across the country and a long history of its own.