Canadian Tire Acquires Party City For $174.4 Million

Canadian Tire Acquires Party City For $174.4 Million
Canadian Tire Acquires Party City For $174.4 Million (Canadify mashup)

Canadian Tire announced Thursday that it has reached a deal to buy Party City for $174.4 million

In a news release, the Canadian retailer said the chain will immediately become the number 1, one-stop shopping party supply destination for all consumers’ party and celebration needs – cementing Canadian Tire as “Canada’s Fun Store”

Canadian Tire plans to expand Party City’s standalone network of 65 stores in seven provinces in and build store-in-store, pop-ups and “in-line” aisles across Canadian Tire locations.

Additionally, Party City’s exclusive and unique product line will be made available nationally across 500 Canadian Tire retail stores and online at Canadiantire.ca.

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