Aritzia Buys Fred Segal Rights, Leases Melrose Site
Canadian fashion retailer Aritzia expands its U.S. presence by acquiring the rights to iconic American brand Fred Segal and leasing its historic Melrose Avenue location in Los Angeles.
Category : Corporate News
Ontario Court Recognizes U.S. Bankruptcy for Eddie Bauer Canada
An Ontario court has formally recognized U.S. bankruptcy proceedings for Eddie Bauer's Canadian retail operations, allowing the outdoor apparel chain to restructure its debts across North America.
Smart Serve Regulations Fall Short in Protecting Staff and Patrons
A Windsor restauranteur voices concerns that Ontario's Smart Serve alcohol service regulations are inadequate, leaving both employees and customers vulnerable.
Billionaire Ricardo Salinas Trapped in $400M Crypto Loan Fraud
Mexican billionaire Ricardo Salinas Pliego lost $400 million in a sophisticated stock-lending fraud while attempting to invest in bitcoin. The elaborate scheme involved fake financial institutions and false claims of aristocratic lineage.
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Court Approves SSENSE Buyout, Rejects Lender Liquidation
Quebec Superior Court has approved the buyout plan for Montreal fashion retailer SSENSE, prioritizing employee job preservation over lender-led liquidation efforts.
Ssense Founders Win Court Approval for $78M Buyout
The founders of luxury retailer Ssense have obtained court approval for their $78 million buyout of the company, overcoming opposition from a group of major lenders seeking liquidation.
Ontario Teachers' Pension Shifts Climate Strategy to Investments
The Ontario Teachers' Pension Plan Board is pivoting its climate strategy, moving from emissions tracking to prioritizing sustainable investments, as announced in its latest financial report.
Risley's Firm Faces $776M Debt, Legal Battles in Ownership Shakeup
CFFI Ventures Inc., led by seafood billionaire John Risley, seeks creditor protection amid $776 million debt and legal claims while planning asset transfer to new entity.
7-Eleven Canada's Plan: Egg Sandwiches and Franchising
7-Eleven Canada is expanding with a focus on franchising, a restaurant-style model, and introducing Japanese-inspired egg salad sandwiches to drive growth in the competitive convenience market.
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Deere Lifts Profit Forecast as Construction, Sales Rebound
John Deere has increased its full-year profit forecast, driven by a strong rebound in construction equipment sales and agricultural demand, leading to a significant surge in its share price.
7-Eleven Canada's Growth Plan: Franchising, Restaurants, Egg Sandwiches
7-Eleven Canada is pursuing aggressive growth by expanding its franchising network, introducing a restaurant-style model, and focusing on popular food items like egg sandwiches to boost sales and market presence.
Sarjeant Co. Unveils Indigenous-Designed Propane Truck
The Sarjeant Propane Co Ltd. collaborates with First Nation artists and youth to bring Indigenous artwork to its fleet, showcasing a bold propane tank truck design.
MTY Food Group Turns Q4 Loss Into Profit
MTY Food Group Inc. reported a profitable fourth quarter, marking a significant turnaround from a loss in the same period last year, driven by strong performance across its restaurant brands.
Canadian Tire Q4 Revenue Up After Strong Holiday Season
Canadian Tire reports a significant increase in Q4 revenue compared to the previous year, driven by strong holiday season performance. The retailer's sales surge highlights consumer spending trends.
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Oil Firms Vie for Venezuelan Projects, Face Tough Road Ahead
Major oil companies are aggressively pursuing projects to rapidly increase Venezuela's crude production, but significant operational and political hurdles loom, potentially slowing long-term gains.
RBC Hires Goldman Trader Noel Reyes for Algorithm Push
Royal Bank of Canada has hired Goldman Sachs equities trader Noel Reyes to lead electronic trading and algorithm development, part of RBC's expansion in global stock trading.
Walmart CEO Furner Starts with Conservative Outlook
New Walmart CEO John Furner adopts a cautious approach amid economic uncertainties, focusing on stability and strategic growth for the retail giant.
AGT Foods Plans Return to Public Trading with Major IPO
Regina-based AGT Food and Ingredients Inc. has filed to become publicly traded again through a $425 million IPO on the Toronto Stock Exchange, seven years after privatizing in a $436 million deal.
Labrador Gold Warns of Dissident's Dividend Promise
Labrador Gold Corp. cautions shareholders about a dissident group's vote-contingent dividend promise, comparing it to previous misleading campaigns. The company urges voting only on the BLUE proxy ahead of the February 20, 2026 deadline.
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Discovery Silver Q4 2025: Strong Earnings and Cash Growth
Discovery Silver Corp. announced robust financial results for Q4 2025, showing significant earnings growth, improved gold production, and a 20% increase in cash position to $410.7 million.
Hitachi Rail Invests C$30M in New Toronto Headquarters
Hitachi Rail announces a C$30 million investment in a new state-of-the-art Canadian headquarters in Toronto, reinforcing its commitment to Ontario and rail technology leadership.
Halifax's 2 Crows Brewing Closes After 10 Years
2 Crows Brewing, a popular Halifax craft brewery, is shutting down after nearly 10 years of operation, marking the end of an era for local beer enthusiasts.
Les Wexner Testifies He Was Duped by Jeffrey Epstein
Retail billionaire Les Wexner told Congress he was deceived by Jeffrey Epstein, denying any knowledge of the financier's crimes. The testimony follows new document releases detailing their long association.
DoorDash Sees Strong Growth but Warns of High Costs
DoorDash has announced impressive quarterly growth in sales and order volumes, yet the company cautions about substantial upcoming expenses that could impact profitability.
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Prediction Market Skeptic Calls for Canadian Regulatory Action
A former academic prediction market operator argues commercial platforms are essentially gambling operations that require deliberate regulatory oversight to protect Canadian citizens from potential harms.
Reese's Grandson Accuses Hershey of Cutting Corners on Quality
The grandson of the creator of Reese's Peanut Butter Cups has publicly criticized The Hershey Company, alleging the candy giant is damaging the iconic brand by using lower-cost ingredients in many products.
Big Food Pours Millions into Rebrands as Obesity Drugs Shift Demand
Leading food corporations are allocating substantial funds to overhaul their brands in response to changing consumer preferences driven by new weight-loss medications.
TFI International Seeks Acquisitions Despite Uncertain Outlook
TFI International Inc. is actively seeking growth opportunities through acquisitions, even as trade uncertainties make future forecasting challenging for the logistics giant.
Saskatchewan Spends Extra $655M; NDP Seeks Accountability
The Saskatchewan government plans to allocate an additional $655 million in spending, drawing criticism from the NDP opposition, which calls for greater transparency and accountability in fiscal management.
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Associate Claims John Risley's Firm Owes $22 Million
A longtime business associate of seafood magnate John Risley has filed a claim alleging that Risley's company owes him $22 million, highlighting a significant financial dispute in the corporate sector.
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