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.
