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Retail & Manufacturing

Essilor International buys Coastal Contacts for $430 million

Essilor International buys Coastal Contacts for $430 million

Vancouver’s Coastal Contacts (TSX:COA), also known as Coastal.com, has been sold to lens designer and manufacturer Essilor International for $430 million.
Low dollar not stopping cross-border shopping

Low dollar not stopping cross-border shopping

Survey finds majority of local respondents making the same number of shopping trips to the U.S. despite exchange rate
BDC seeking Canada’s most innovative start-up

BDC seeking Canada’s most innovative start-up

Attention all entrepreneurs: the Business Development Bank of Canada (BDC) is teaming up with Canada’s Venture Capital and Private Equity Association (CVCA) to find and recognize the country’s most innovative start-up.

Family business report: Due diligence, tax planning, managing expectations among the key areas to consider when selling the family business

Tax planning in advance of a transaction can help reduce the costs of a deal, improve returns and manage risks
Top manufacturers report: Made in B.C.

Top manufacturers report: Made in B.C.

It’s still overshadowed by mining and other resource industries, but manufacturing is B.C.’s fourth-largest employer, and new markets in Europe and elsewhere could soon make it a bigger contributor to the province’s overall economy
Family business report: Open communication is key when spouses go into business together

Family business report: Open communication is key when spouses go into business together

When partners have different levels of risk tolerance for company expansion, trust and faith can save both business and marriage
Large B.C. retailers are potential U.S. acquisition targets

Large B.C. retailers are potential U.S. acquisition targets

Wal-Mart and Target could seek leases or buy local companies outright, say analysts
Shoppers Drug Mart to open next to Victoria's Secret megastore in Vancouver

Shoppers Drug Mart to open next to Victoria's Secret megastore in Vancouver

Shoppers Drug Mart (SDM) plans this summer to open an 11,000-square-foot, two-storey store next to the Victoria's Secret megastore at the corner of Robson and Burrard streets, company spokesperson Lana Gogas confirmed to Business in Vancouver.
Overwaitea buys 15 grocery stores from Sobeys

Overwaitea buys 15 grocery stores from Sobeys

Overwaitea Food Group (OFG) announced February 13 that it is buying 15 stores from Sobeys Inc., which was forced to sell the locations as part of an agreement with Canada’s Competition Bureau.
Walmart announces $500 million expansion in Canada

Walmart announces $500 million expansion in Canada

Richmond will not be the only Canadian city getting a new Walmart store this year. Walmart Canada has announced plans to build 35 “supercentres” over the next year across Canada.