TORONTO, Oct. 1, 2019 /CNW/ - Canadian Tire Corporation,
Limited (TSX:CTC, TSX:CTC.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.
About Canadian Tire Corporation
Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or
"CTC", is a family of businesses that includes a Retail segment, a
Financial Services division and CT REIT. Our retail business is led
by Canadian Tire, which was founded in 1922 and provides Canadians
with products for life in Canada
across its Living, Playing, Fixing, Automotive and Seasonal &
Gardening divisions. PartSource and Gas+ are key parts of the
Canadian Tire network. The Retail segment also includes Mark's, a
leading source for casual and industrial wear; Pro Hockey Life, a
hockey speciality store catering to elite players; and SportChek,
Hockey Experts, Sports Experts, National Sports, Intersport and
Atmosphere, which offers the best active wear brands. The nearly
1,700 retail and gasoline outlets are supported and strengthened by
our Financial Services division and the tens of thousands of people
employed across Canada and around
the world by the Company and its local dealers, franchisees and
petroleum retailers. In addition, Canadian Tire owns and operates
Helly Hansen, a leading global brand in sportswear and workwear
based in Oslo, Norway. For more
information, visit Corp.CanadianTire.ca.
For further information:
Media: Jane Shaw,
416-480-8581, jane.shaw@cantire.com
Investors: Lisa Greatrix,
416-480-8725, lisa.greatrix@cantire.com
SOURCE CANADIAN TIRE CORPORATION, LIMITED