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Purchase finalized

The purchase of Fields in a number of rural communities has been finalized.

The purchase of Fields in a number of rural communities has been finalized.

FHC Holdings Ltd. (FHC) has now purchased stores in 57 smaller communities across western Canada from Hudson’s Bay Company (HBC).

HBC had slated their Fields stores for closure after an announcement in February but it had been announced back in March the local store would stay open thanks to FHC, but the deal has only just been finalized.

FHC, based in Vancouver, has purchased the Fields stores’ inventory, fixtures and brand, and will continue to operate under the Fields name.

The area stores in Fort St. James and Vanderhoof were both part of the 25 B.C. stores in the deal and will remain open.