US EditionCanadian Tire signs deal to sell Helly Hansen to Kontoor Brands for $1.3 billion
- Canadian Tire Corp. Ltd. Signed a deal to sell Helly Hansen to Kontoor Brands for nearly $1.3 billion, as reported by Tara Deschamps, The Canadian Press.
- The sale is expected to close in the second quarter of 2025, pending regulatory approvals and conditions, according to Canadian Tire Corp. Ltd.
- Canadian Tire plans to use proceeds from the sale to pay down debt and invest in its retail stores, as stated by Greg Hicks.
- Helly Hansen's sales increased significantly under Canadian Tire's leadership, reporting $894 million in revenue in the past year.
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22 Articles
22 Articles
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Left
2
Center
3
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Total News Sources22
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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