Hostile Fuckover

[FuZzYknUckLeS]

Jerry Zucker (not the director, but the businessman) has made a hostile takeover bid for one of our few remaining, truly Canadian institutions. Hudsons Bay Co. Read it here:
http://www.forbes.com/entrepreneurs/feeds/ap/2005/10/28/ap2307066.html
Why does the govt. not intervene in these types of transactions? Pretty soon, after all the stores have been bought up by one big company, we will have no choice where to shop. There will be only one store. Or possibly, as it is now, multiple stores, owned by one party with one price. So much for comparison shopping. Sears, Woodwards, A&B Sound, and Eatons are all gone already.
I'm gonna buy me some Tim Horton stocks!

 

[wolverine]

A&B Sound is still around.

 

[FuZzYknUckLeS]

A&B Sound is still around.

2005 - a&b sound is purchased by Seanix Technology Inc, led by Paul Girard, President and Founder.
Okay, so maybe they don't fit into the group. As you see here, they were purchased, but by a Canadian interest who likely saved their ass.
What I meant by "all gone" wasn't that the stores don't exist anymore, as obviously Sears does exist, but that foreign interests were snapping up these previously Canadian companies.

 

[hitrack]

Back in the day A&B was thee only place to buy CD's Tapes Records. I'm talking MP3's and computers; WTF are they.

Good memories of simplier days.

 

[wolverine]

I'm gonna buy me some Tim Horton stocks!

You'll have to buy them from Wendy's along with a finger chili!

 

[capt_canada13]

Just wait till Terasen Gas is sold to the Yanks then see price of Natural Gas go to the moon.

I just don't get it? If the Americans want our gas why does the gov't open the doors and let them buy the source. Why can't we just sell the shit to them.

 

[FuZzYknUckLeS]

As a consumer whore I could give a rats ass who owns HBC or any other icon of Canadian retail. With a global economy its survival of the fittest and who can offer the best value and selection to the consumer

Besides the rather obvious reason of maintaining an identity that separates us from every other sellout country in the world, you should give a rats ass who owns these large companies. If you want to receive 'the best value and selection to the consumer', you sure as shit won't get it with only one player in the picture. Good value and selection comes from healthy competition and keeping the other guys honest. Economics 101.

You've got to be kidding! The last time I checked when government intrenched itself to control retail supply and demand it didn't work all that well.

This has nothing to do with controlling supply and demand. It's simply about avoiding monopolies and maintaining an identity as a unique nation.

Pull your head out of your ass and take a look at the consumer choice in the US. One of the best examples is the Stanford Shopping Mall where there are four anchor stores and more than 100 smaller boutique retailers.

Last I checked, we don't have quite the consumer base they have down there. Or in China, where I'm sure they also have huge malls that are full of boutiques and are also nowhere near my geographical vicinity....

 

[Chingada]

Just wait till Terasen Gas is sold to the Yanks then see price of Natural Gas go to the moon.

I just don't get it? If the Americans want our gas why does the gov't open the doors and let them buy the source. Why can't we just sell the shit to them.

A company wanting to increase the price of gas must apply to the BC Utilities Commission which control prices.