Home | Business

Business

The Body Shop Attracts Bids from 15 Firms

LONDON—L’Oreal SA drew bids from around 15 private equity firms and companies, including CVC Capital Partners, Carlyle Group LP and South Korea’s CJ Group, for its Body Shop division, said people familiar with the matter. Bidders for the next round will be shortlisted this week, the people said, asking not to be identified as the details aren’t public. BC Partners, …

Read More »

N.W.T. Premier Says Arctic Drilling Ban will Stifle Northern Energy Sector

CALGARY—The premier of the Northwest Territories is blasting federal policies including promises to restrict greenhouse gas emissions that he says will stifle a viable energy sector in the North. Bob McLeod told the Arctic Oil & Gas Symposium on Wednesday that a national carbon price and a five-year ban on drilling in the Arctic’s Beaufort Sea have created a “no-win …

Read More »

Fight Over Province’s Tomato Production Grows Ugly: Wells

And here Kathleen Wynne thought the Hydro file was her biggest headache. The premier should cast her gaze down toward the soon-to-be-sunny climes of Ontario’s tomato growing region while there’s still some slim chance a bloody red mess can be put right. The marketing board has been fired. A trustee has been named. Allegations of racial bias are flying. The …

Read More »

Waldorf Astoria Hotel Closing for Transformative Makeover

NEW YORK—The word “grand” matched few hotels in the world better than New York City’s Waldorf Astoria, but this bastion of gilded splendour is now closing for two to three years for a transformative makeover. The last guests were checking out by noon Wednesday after enjoying the rich Art Deco style of the old Waldorf one last time. When the …

Read More »

Trudeau is Striking Right Balance with U.S., China, Says Former Liberal PM Paul Martin

Canada should work to strengthen its ties with China and other countries while ensuring it maintains a good relationship with the United States, former prime minister Paul Martin said Tuesday. While Prime Minister Justin Trudeau has sought to deepen Canada’s ties to China, he’s also building a relationship with U.S. President Donald Trump who has taken an anti-China stance in …

Read More »

With IPO, Canada Goose Banks on all-weather Migration: Jennifer Wells

One was cherry red and one was Pacific blue and then hubby Henry wore a black one. Regular devotees of Madam Secretary could not have missed Tea Leoni’s occasional habit of sporting a Canada Goose parka, even when it looked as though her more-Gucci-than-Goose character might expire wrapped in all that down. The Canadian maker of extreme winter wear isn’t …

Read More »

All the World’s a Stage for Canada’s Culture, Says Joly

After decades of public policy nurturing, Heritage Minister Mélanie Joly says Canada’s cultural sector is mature and ready to take off on the world stage. “2017 will be the year of Canadian content; clearly, we want to export,” Joly said, referring to markets, including China, which she called highly open to Canadian ventures in the performing arts, augmented reality, movies …

Read More »

Millennials Tapped to Drive A&W Expansion

Barmil Mallhi will open an A&W in The Junction on Feb. 23, under a new franchising model with the burger chain aimed at getting more millennials into the business. “I always wanted to run my own business and I love food. I am a foodie person,” said Mallhi, 30, a wife and mother of a 5-year-old, whose educational background is …

Read More »

Snapchat CEO’s Social Media Vision is Paying Off

LOS ANGELES — When Evan Spiegel and Bobby Murphy were undergraduates at Stanford University, they made an unconventional observation about what makes a social network valuable. Thanks to the rise of Facebook, most everyone believed that networks became exponentially more valuable by amassing more users. But Spiegel noticed that in real life, even people with thousands of acquaintances spent most …

Read More »

Mojito with Your Manicure?

VANCOUVER—From book stores to barber shops, businesses across British Columbia can now ask the provincial government for permission to serve liquor. Under new legislation that came into effect Monday, any business can now apply for a liquor licence, unless it caters primarily to minors and or is based inside a motor vehicle. A barber shop in Vancouver’s trendy Gastown neighbourhood …

Read More »