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Thomson, Weston Families Clinch Uncontested $18 Million Bid for 1670 Hudson’s Bay Charter

The court-supervised insolvency sale seeks to keep the colonial-era document in public custody with consultations shaping its presentation.

The 1670 royal charter signed by King Charles II establishing Hudson's Bay, is shown on display at the Manitoba Museum where it was loaned to be displayed alongside its permanent collection of Hudson's Bay artifacts, in this 2020 handout photo. THE CANADIAN PRESS/Handout - Manitoba Museum (Mandatory Credit)

Overview

  • The retailer selected a joint offer from DKRT Family Corp. and Wittington Investments after no higher qualified bids were submitted by the deadline.
  • The transaction requires approval in creditor‑protection court, with a hearing scheduled for next week.
  • On closing, the charter will be permanently placed with the Archives of Manitoba, the Manitoba Museum, the Canadian Museum of History and the Royal Ontario Museum.
  • The families pledged $5 million to support preservation and public access, and the process provides for engagement with Indigenous communities on interpretation.
  • The sale forms part of Hudson’s Bay’s asset liquidation to address roughly $1.1 billion in debt following its filing for creditor protection.