Negotiations ongoing for Field store purchase

As of press-time late last week the Fields store n Clearwater was one of 22 locations still being negotiated

It appears that the takeover of Clearwater’s Fields store is not yet a done deal.

According to Rebecca Johnston, an account director with PR Associates in Vancouver, Clearwater is included in a tentative agreement that a new company, FHC Enterprises Ltd., has with Hudson’s Bay Company to purchase the assets of 59 Fields stores in western Canada.

However, as of press-time late last week the local operation was not on the list of confirmed properties. Instead it was one of 22 locations still being negotiated as part of the transaction.

Johnston said the goal was to complete the negotiations by the end of last week.

Target for the handover would be May 1.

HBC announced last February that it planned to close all 167 Fields stores in Canada.

 

Jason MacDougall, the founder of Bargain Wholesale in Delta, heads FHC Enterprises.