Retail & Marketing

Cineplex takeover makes sense as pressure from streamers mounts

Cineplex Inc. has agreed to be bought by British theatre chain Cineworld in a $2.8-billion deal that, if approved, would create the largest cinema empire in North America, the company announced on Monday. Cineplex is the dominant theatre banner in Canada, with a 75 per cent share of the box office. But at 1,700 screens, …

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Catalyst questions independence of HBC special committee at OSC hearing

Catalyst Capital Group Inc. spent part of Thursday’s hearing at the Ontario Securities Commission grilling a Hudson’s Bay Co. director about why the department store chain turned down Catalyst’s recent takeover offer. David Leith, head of the special committee tasked by HBC’s board to review take-private offers, appeared at the OSC Thursday as HBC’s witness …

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‘It’s a private company’: Quebec politicians lament Rona cuts, but acknowledge little can be done

Quebec politicians appeared out of options on Wednesday as the American hardware giant Lowe’s Cos. Ltd. announced another series of cuts to the made-in-Quebec home improvement chain Rona Inc. Quebec’s economy and innovation minister, Pierre Fitzgibbon, lamented a weakening in Quebeckers’ emotional attachment to the Rona brand amid a series of store closures and layoffs …

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