welcome
financialpost

financialpost

Business

Business & Economics

Canadian Tire buying Hudson's Bay stripes and brand name for $30M: 'Meant to stay Canadian'

financialpost
Summary
Nutrition label

57% Informative

Hudson's Bay Co. ULC has entered into an agreement to sell its intellectual property to Canadian Tire Corp. for about $30 million .

The deal, which was announced on Thursday evening , has to be approved by an Ontario court and is expected to be completed by summer .

The agreement is part of HBC ’s efforts to raise enough money to pay back its creditors.

VR Score

65

Informative language

68

Neutral language

34

Article tone

semi-formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources