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 in the case. In the two-day...

HBC posts lower results on eve of OSC showdown

Hudson’s Bay Co. posted a $226 million net loss for its fiscal third quarter on Tuesday as a bruising battle for control of the ailing department store chain appeared to be approaching a climax.Shareholders are scheduled to vote next week on a privatization offer from a group led by chairman Richard Baker, which has offered $10.30 per share. In the past week or so, Catalyst Capital Group Inc.,...

Dollarama Inc beats expectations with 5.3% rise in sales

Canadian dollar-store operator Dollarama Inc’s quarterly same-store sales growth came ahead of Wall Street expectations on Wednesday, as shoppers spent more at its stores.Sales at stores open for at least 13 months rose 5.3 per cent in the third quarter ended Nov. 3, beating the average analyst estimate of 3.84 per cent, according to IBES data from Refinitiv.Net sales rose 9.6 per cent to...