Canadian Tire to buy Ontario Teachers' Helly Hansen for $985 mln: Reuters
Canadian Tire Corp will buy Norway-based Helly Hansen for $985 million, the diversified retailer said on Thursday, as it expands its sportswear business, Reuters reported. The deal is expected to close in the third quarter. Oslo-based Helly Hansen, currently owned by Ontario Teachers’ Pension Plan, sells a range of apparel used in sailing, skiing, mountaineering and hiking at its own stores as well as retailers such as Nordstrom. Ontario Teachers’ acquired a majority stake in the business in 2012.
10 May 2018•2 mins read
