Billionaire David Thomson interested in buying Hudson’s Bay charter

New court filings show a holding company owned by David Thomson wants to buy the royal charter that formed the Hudson’s Bay retailer for at least $15 million and donate it to the Archives of Manitoba.

The department store previously announced it would seek court approval next month to sell the charter for $12.5 million to a holding company belonging to the Weston family, which intends to donate it to the Canadian Museum of History.

More coming.




Click to play video: Hudson’s Bay closures ‘leave a hole in our psyche’, retail expert says

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