Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) today announced that it has successfully closed the previously-announced sale of the Helly Hansen business to Kontoor Brands, Inc. (NYSE: KTB).
There’s no longer a need to support HH if you want to help Canadian companies. You can support Arc’teryx as an alternative.
Arc’teryx is Chinese owned and for quite some time already. There’s probably only a few Canadian clothing brands that are worthwhile in Canada, but most of them don’t manufacture in Canada either.
Either way, Lululemon comes to mind, but their founder Chip Wilson isn’t a pleasant person in supporting certain political parties even though he technically has been booted by the board of the company (I’m sure he still has shares). Artizia, Psychobunny, Roots…just to name a few that could be considered. Of course, if you’re looking for outdoor wear, I’d say look to the European brands and even then it’s a minefield.
Arc’teryx is Chinese owned and for quite some time already. There’s probably only a few Canadian clothing brands that are worthwhile in Canada, but most of them don’t manufacture in Canada either.
Either way, Lululemon comes to mind, but their founder Chip Wilson isn’t a pleasant person in supporting certain political parties even though he technically has been booted by the board of the company (I’m sure he still has shares). Artizia, Psychobunny, Roots…just to name a few that could be considered. Of course, if you’re looking for outdoor wear, I’d say look to the European brands and even then it’s a minefield.