Billionaire David Thomson Interested in Buying Hudson’s Bay Charter, Donating It

11 months ago 63
Billionaire David Thomson Interested in Buying Hudson’s Bay Charter, Donating It

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/HO - Manitoba Museum

New court filings show a holding company owned by David Thomson, of Thomson Reuters, wants to buy the royal charter that formed the Hudson’s Bay retailer for at least $15 million and donate it to the Archives of Manitoba.

The department store previously announced it would seek court approval next month to sell the charter for $12.5 million to a holding company belonging to the Weston family, which intends to donate it to the Canadian Museum of History.

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