Last week, Toys ‘R’ Us Canada Ltd filed for creditor protection while it prepares to restructure. Acquired by Putman Investments in August 2021, the company has struggled with inflation, labour costs and competition from the growing eCommerce trend. About 22 stores are currently operating. (Toys ‘R’ Us Canada Ltd – www.toysrus.ca)……..
Cadillac Fairview is celebrating the Year of the Horse with Lunar New Year festivities at CF Pacific Centre in Vancouver and CF Richmond Centre in Richmond from February 3 to March 3. The program features vibrant décor, immersive installations, and community-focused experiences inspired by the Horse’s energy and vitality. Highlights include lion and dragon dances, festive workshops, calligraphy and lantern-making activities, and digital red envelope giveaways, creating a welcoming and culturally rich celebration for Greater Vancouver shoppers. (Cadillac Fairview Corp – www.shops.cadillacfairview.com)…………..
As directed by the Quebec government, the Société des alcools du Québec will sell select U.S. products beginning February 12th, 2026, after a ban on new U.S. product orders took effect in March 2025. The discounted items will be available online and at SAQ Dépôt stores, with a 15 percent price reduction. Proceeds equivalent to the cost of products sold, up to $8.6 million, will be donated to Food Banks of Quebec. (Société des alcools du Québec – www.saq.com)…………..
Pizza Pizza Royalty Corp. and Pizza Pizza Ltd reports that effective January 1, 2026, the number of restaurants on which royalties are paid to the company by PPL has been adjusted to include 39 new restaurants opened during the prior year vend-in period, offset by 19 restaurants which were closed or recombined during the period. By brand, 32 new Pizza Pizza restaurants and seven new Pizza 73 restaurants were added to the Royalty Pool; there were 14 Pizza Pizza restaurants and five Pizza 73 restaurants closed and removed from the Royalty Pool. Four of the five Pizza 73 restaurants that closed had their territories recombined with an adjacent restaurant. For 2026, there will be 814 restaurants, compared to 794 in 2025, in the Royalty Pool made up of 712 Pizza Pizza locations and 102 Pizza 73 locations. (Pizza Pizza Ltd – www.pizzapizza.ca)…………
Grosvenor Property Canada has acquired full ownership of Broadmead Village Shopping Centre in Victoria, buying out longtime partner ADMNS Broadmead Investment Corp, as part of its Canadian growth strategy. The 128,018 square foot grocery-anchored, open-air shopping centre on Vancouver Island is anchored by Thrifty Foods and features a stable, recession-resilient tenant mix. A consistent performer within Grosvenor’s portfolio, the asset reflects the firm’s long-term commitment to Canada and continued focus on high-quality retail with redevelopment potential. (Grosvenor Property Canada – www.grosvenor.com)……….
Just a quick reminder………….Valentine’s Day is next weekend……..think flowers, candy, jewelry, etc. Have a great week…………