The company behind the 7-Eleven convenience store chain in Japan says it has received a takeover offer from Alimentation Couche-Tard Inc. Terms of the proposal by the Canadian convenience store company were not disclosed. In a statement, Seven & i Holdings Co. Ltd. said it has received a confidential, non-binding and preliminary offer from Couche-Tard to buy all … Read more
Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company. Based in Longueuil, Que., Héroux-Devtek is one of the … Read more
The same lightweight concrete roofing material blamed for safety risks at the Ontario Science Centre is used in hundreds of other aging public buildings across the province, yet officials haven’t pointed to any others that have been ordered closed. The revelation comes as critics question whether the findings of an engineering report on the science centre’s … Read more
The T’s Board of Directors, on Tuesday, gave their grudging approval to a fiscal 2025 spending plan that ballooned by 11% — nearly $300 million — over the previous year. The budget, according to its authors, will allow the beleaguered transportation system to spend another year focused on hiring and fixing the many problems it’s … Read more
The most prominent Indigenous women’s organization in Canada announced on Friday the departure of its chief executive officer amid internal turmoil. In an email viewed by CBC News, Carol McBride, president of the Native Women’s Association of Canada (NWAC), informed staff that Lynne Groulx is no longer employed as the organization’s CEO. “NWAC continues to … Read more
Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in cash for the stake in Indigo they do not … Read more
Toronto Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory listed among 14 proposed management nominees for company’s annual meeting The Canadian Press · Posted: Mar 25, 2024 11:46 AM EDT | Last Updated: 2 hours ago Tory’s return to the Rogers board comes after sisters … Read more
Lululemon’s controversial founder Chip Wilson is again facing criticism for his latest remarks regarding the company’s diversity and inclusion efforts. In a recent article by Forbes, Wilson objected to the company’s use of models with a range of body types, whom he said looked “unhealthy,” “sickly” and “not inspirational.” “They’re trying to become like the Gap, everything … Read more
