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Retail & Manufacturing

Coastal Contacts' pending $430 million sale good news for local e-commerce ventures

Coastal Contacts' pending $430 million sale good news for local e-commerce ventures

Profile of Indochino, BuildDirect, ShoeMe.ca raised in wake of deal for online eyewear firm
Richie Bros.’ profits up 18% in 2013

Richie Bros.’ profits up 18% in 2013

Vancouver auctioneer Ritchie Bros.’ net earnings were $93.8 million in 2013 – a jump of 18% compared with 2012 – the company announced March 3.
B.C. alcohol sales inch upward in 2013: BMO

B.C. alcohol sales inch upward in 2013: BMO

Sales of beer, wine and spirits in British Columbia were $3.5 billion in 2013 – an increase of 0.5% compared with one year ago – BMO Economics announced February 28.
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.
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: 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
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