GTA Deciem stores reopen after company founder is ousted

GTA Deciem stores reopen after company founder is ousted

Deciem stores that had been shuttered for several days reopened on Saturday, after the founder of the so-called “Abnormal Beauty Company” was ousted by an Ontario court ruling. The stores were closed last week by decree of then-chief executive Brandon Truaxe, who announced on Instagram that all Deciem operations would be shutting down until further […]

Canadian hyperloop company threatens to relocate unless government supports innovation

Canadian hyperloop company threatens to relocate unless government supports innovation

By The Canadian Press Fri., June 29, 2018 MONTREAL—A Canadian hyperloop company is threatening to relocate its headquarters to Europe unless it gets political support at home for the implementation of its technology that would transport goods and passengers through tubes at airplane speeds. Transpod CEO and co-founder Sebastien Gendron says politicians need to step […]

Court monitor to review Sears Canada payout of dividends while company was in the red

Court monitor to review Sears Canada payout of dividends while company was in the red

Handsome dividends paid to Sears Canada shareholders even as the company was faltering and its employee pension fund was running a deficit are being reviewed by the court-appointed monitor handling the company’s insolvency. “The monitor is carrying out a review of certain material transactions,” according a new report on the insolvency by the monitor, FTI […]

U.S. drug company founder charged with bribing doctors to prescribe addictive opioid

U.S. drug company founder charged with bribing doctors to prescribe addictive opioid

The founder of U.S. drug company Insys Therapeutics has been charged with leading a nationwide conspiracy to bribe doctors and pharmacists to widely prescribe an opioid cancer pain drug for people who didn’t need it.  John N. Kapoor was charged along with group of his colleagues on Thursday with pushing prescriptions for the highly addictive drug. It was […]

Hudson’s Bay CEO Jerry Storch leaving company

Hudson’s Bay CEO Jerry Storch leaving company

Jerry Storch is stepping down as chief executive of Hudson’s Bay Co., the retailer announced after the close of stock markets on Friday. Storch will depart effective Nov. 1 and return to his firm, Storch Advisors, HBC said in a release. Richard Baker, HBC’s governor and executive chairman, who had previously served as CEO, will reassume the role […]

Tim Hortons franchisee group files lawsuit against parent company Restaurant Brands International

Tim Hortons franchisee group files lawsuit against parent company Restaurant Brands International

By Aleksandra SaganThe Canadian Press Fri., Oct. 6, 2017 VANCOUVER—The legal battle between a group of Tim Hortons franchisees and their parent company escalated Friday as the corporate-unsanctioned franchisee association filed a lawsuit alleging that Restaurant Brands International, its subsidiary and several executives have subverted their right to associate. The defendants have engaged in conduct […]

Home Capital stands behind Buffett’s bid to increase company stake despite ISS warning

Home Capital Group is standing behind Warren Buffett’s Berkshire Hathaway bid to increase its stake in the company after leading proxy advisory firm Institutional Shareholder Services advised investors to vote against the deal. The Toronto-based alternative lender said Wednesday its prospects have improved since the American billionaire’s conglomerate announced in June that it would support […]