Canadian tires say Baie got intellectual property for $ 30m star-news.press/wp

Canadian tires have announced that it has completed a “last” agreement to buy the intellectual property of the bay, such as “coat” and “characteristic scratches”.

The Canadian tire company concluded this summer later transactionWe read the press release published on Thursday.

Canadian tires Hudson Bay company are among the oldest companies in the country, and their combined heritage of Canada measures centuries. Some things want to continue to be Canadian and we are honored to welcome the family Canadian tires Many brands of Hudson Bay, including monsters and terrible scratcheshe said Greg HicksPresident and CEO of the company Canadian tirespressed in the press release.

This transaction includes the purchase of the Bay Intellectual Property Portfolio for $ 30 million.

According to the press release, the agreement is subject to the approval of the court that manages the failure of the bay. This Court of Ontario was extended to the end of July to hundreds of companies that owes Hudson’s Bay.

Canadian press announced on May 1 Canadian tires It was part of the intellectual property of the bay. For Hudson’s Bay, he also revealed the process of buyer and his assets for its assets.

In the eyes Greg HicksThis purchase is a great opportunity Canadian tires. This option seems as strategic as patriotic. It is possible based on our connection, established in several generations, in Canada, and is part of our new real Northern North strategyadded the press release.

A General Manager of Canadian tires He also said it was pity due to the financial situation in the bay. He is stewardly to go to the last few days of another large Canadian store. Although circumstances are unhappy, we are proud to intervene to customers.

Hudson’s Bay presented an anti-creditors request received by March and has since gone to liquidate the inventory of all its stores.