A) today announced that it has successfully closed the previously announced acquisition of Party City’s Canadian business. Party City is a leading, one-stop shopping destination for party supplies and an expert in seasonal and micro-seasonal celebrations, with 65 Canadian retail stores in seven provinces.
Are Party City and Canadian Tire affiliated?
Through the transaction, Canadian Tire acquired Party City’s 65 Canada–based retail store locations in an all-cash transaction valued at approximately CAD$174 million. … In connection with the sale, Party City and Canadian Tire have also agreed to a long-term wholesale supply agreement, with an initial term of 10 years.
What company did Canadian Tire buy?
Canadian Tire has announced that it has reached a deal to purchase Party City Canada for $174.4 million. A press release said the iconic Canadian retailer’s addition of the party supply company makes it a one-stop destination as ‘Canada’s Fun Store.”
Who bought Party City?
|A Party City store in Goodlettsville, Tennessee. This location closed in 2020.|
|Total equity||$487 million (2014)|
|Owner||Thomas H. Lee Partners, L.P. (38%)|
|Number of employees||10,000+|
|Divisions||Retail Consumer Products Group|
Is party city in USA?
With over 850 outlets across the USA, Party City is the largest party retailer in North America.
How many locations does Party City have in Canada?
There are 566 Party City locations in Canada as of November 04, 2021. The province with the most number of Party City locations in Canada is Ontario, with 239 locations, which is 42% of all Party City locations in Canada.
Who owns Tim Hortons?
Party City is listed in the Franchise Directory under the Retail category. It’s also listed in the section for Franchises Under $10,000.
Does Canadian Tire own Sport Chek?
In 2011, Canadian Tire bought Sport Chek’s parent company, FGL Sports (then known as Forzani), for $771 million, and has since embarked on a large scale brand restructuring.
|Trade name||Sport Chek|
Is PRTY stock a buy?
Party City Holdco has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Is Home Depot Canadian owned?
Home Depot Canada is the Canadian unit of the Home Depot and one of Canada’s top home improvement retailers. The Canadian operation consists of 182 stores and employs over 28,000 people in Canada.
How many stores does Canadian Tire own?
We’ve got you covered. Our 1,700 retail locations, financial services, and exemplary e-commerce capabilities help keep Canadians on the move and on top of every season.