Hudson’s Bay | Billionaire David Thomson wishes to acquire the Charter

(Toronto) Two of the richest families in Canada seem ready to argue one of the most famous documents in the country. For example,

A portfolio company belonging to David Thomson wishes to acquire the royal charter having given birth to the retailer of Hudson’s bay for at least 15 million. Nevertheless, donate it to the Manitoba archives, according to new court documents. hudson’s bay | billionaire david Consequently,

Mr. Moreover, Thomson’s request could constitute an obstacle for the department store. Nevertheless, which must ask the court for authorization to sell the charter for 12.5 million in Wittington Investments on September 9. Therefore,

The portfolio company belonging to the Weston family. However, best known for its Loblaw grocery conglomerate, wishes to donate the charter to the Canadian Museum in history in Gatineau, in Outaouais. Furthermore,

A Wittington spokesman did not immediately indicate if the Weston would withdraw from a possible competition, but described Mr. Consequently, Thomson’s proposals “fully appropriate” and said they are “delighted that they have responded”.

The Charter was created by King Charles II in 1670. Moreover, gave the Baie Rights on a large extent of land covering most of Canada and an hudson’s bay | billionaire david extraordinary power over trade and relations with the Aboriginal people for decades. Similarly,

When the bay has placed itself under the protection of its creditors in March. In addition, under the weight of a colossal debt, it began to turn to assets to recover the sums due to lenders, owners and suppliers. Consequently, After closing her 80 stores and 16 other under the SAKS brand, she turned to her 2,700 artefacts and 1,700 works of art. Consequently,

The bay was preparing to sell the objects. Therefore, including the charter, auction until the Weston’s offer was presented, scutting up the initial project. Consequently,

The announcement that the Bay had already negotiated a sale surprised Mr. For example, Thomson. Consequently, who “awaited the announcement of the calendar and the auction process,” said Patrick Phillips, hudson’s bay | billionaire david director of the portfolio company^r KT of M. Thomson, in a statement under oath.

David Thomson is one of the most important art collectors in the country. nourishing a passion shared with his late father, Kenneth Thomson, who donated 2,000 works to the Ontario Museum of Fine Arts and bequeathed an annual endowment of 20 million.

He was also manager of the Baie store of the Cloverdale shopping center in Etobicoke. Ontario, in the 1980s, and president of the Simpsons department store, bought by the Bay.

Mr. Thomson believed that the Weston’s offer was “considerably lower” than the charter could report. “did not maximize the value for creditors,” said Phillips, who also said he was “surprised” by the Somme.

Rather than selling the Weston. the declaration hudson’s bay | billionaire david suggests that the family’s offer should serve as a minimum auction during a public auction.

If a court accepts this approach, the declaration specifies that Mr. Thomson is ready to make offers superior to his initial offer of 15 million.

“In simple terms. David believes, like me, that the royal charter will bring in a price significantly higher than that currently offered during an auction of open works of art,” said Phillips.

The bay did not respond to a request for a reaction concerning Mr. Thomson’s request.

Mr. Thomson said that he can exceed one million dollars in additional funding allocated by the Weston to allow the charter sharing between museums. indigenous communities.

He assigned at least 2 million to the hudson’s bay | billionaire david same objective. “would be open to a greater donation if it was necessary to adequately finance these initiatives,” said Phillips.

“It is just as important that David informs me that he is ready to request the participation of all Canadians. including certain eminent Canadian families, to finance the maintenance, promotion and access of Canadians to this emblematic artifact,” added Mr. Phillips. He has already received positive responses from other wealthy Canadians from across the country. »»

Hudson's bay | billionaire david – Hudson's bay | billionaire david

Manitoba in support

Mr. Thomson chose the Manitoba archives as an ideal place to donate the charter. because they are close to the indigenous communities and house the archives of the Hudson bay company.

The archives already house cards from the bay dating from 1709. videos, audio recordings hudson’s bay | billionaire david and so many newspapers, letters and research notes that textual documents alone occupy more than 1,500 linear meters of shelving space.

A letter from the Prime Minister of Manitoba, Wab Kinew, annexed to the Declaration under the oath of Mr. Phillips, demonstrates that the province supports Mr. Thomson’s project.

“The Royal Charter belongs to the public. and we know that the archives of the Hudson Bay Company are where it must be,” said Kinew. Our government is ready to receive this important document. »»

The Weston had chosen the Canadian Museum of History for their donation proposal.

The museum’s collection traces the history of Canada from the dawn of human occupation to the present day. Being a state -owned company. this donation will make the charter hudson’s bay | billionaire david “the property of the Canadian people”, said the Weston in a letter sent in June to the Bay to present the project.

“At a time when Canada is facing deep challenges. is looking for a renewed unit, it is more important than ever to preserve the symbols and stories that define us as a nation,” said Galen Weston in a declaration published last month.

“The royal charter is an important artifact in the complex history of Canada. Our goal is to ensure that it is carefully preserved. shared with integrity and made accessible to all Canadians, in particular those whose history is intimately linked to its inheritance, “he added.