Économie de Montréal

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IBM will Expand its Cloud Operations in Canada with launch of new Cloud Multizone Region to Open in Montreal, Quebec

https://canada.newsroom.ibm.com/2024-04-08-IBM-will-Expand-its-Cloud-Operations-in-Canada-with-launch-of-new-Cloud-Multizone-Region-to-Open-in-Montreal,-Quebec

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More players will come to our market this year, stay tuned 😉

Developers continue to expand Montreal life sciences sector

https://renx.ca/life-sciences-facilities-growing-real-estate-sector-montreal

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Creative Destruction Lab’s Quantum Stream Expands, Connecting Quantum Hubs in Toronto and Montreal

https://creativedestructionlab.com/blog/quantum-expands-toronto-montreal/

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Artifact Group acquiring DoubleTree by Hilton Downtown Montreal

https://renx.ca/artifact-group-acquire-doubletree-hilton-downtown-montreal

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Slower but better than 2019

Montréal retail insight

Montréal retail sales growth expected to wane amid challenging economic conditions despite future completions 

 

https://www.jll.ca/en/trends-and-insights/research/montreal-retail-insight

[mtlurb]

CCM hockey seeking new ownership after potential sale options: report

The CCM office is seen in Montreal, April 17 2024. (Martin Daigle, CityNews Image) 

The famous hockey equipment manufacturer CCM is being sold once again, according to The Globe and Mail, which reported that Birch Hill Equity Partners intends to sell it.

More than 200 employees would still work at CCM’s head office in Montreal near Highway 40. They moved into that location in February.

The company was previously located a few kilometres away at 3400 Raymond-Lasnier Street in Saint-Laurent, where at one point in time, more than 500 people worked there.

However, in recent years, CCM has changed ownership numerous times.

Reebok bought it in 2004 for US $400 million, then Adidas got it and resold the company in 2017 to the investment fund Birch Hill Equity Partners for CAD $110 million.

Founded in 1899, CCM was initially called Canada Cycle & Motor Company Limited.

In 1905, that the company decided to launch into hockey skates, where it has continued to dominate the market ever since.

CCM is one of two dominant hockey-gear companies.

The hockey gear company provides sticks, skates, and helmets to nearly 40 per cent of NHL players, along with Professional Women’s Hockey League (PWHL) stars.  

The company’s major rival is Bauer, which has close to 40 per cent of NHL players using their gear.

CityNews reached out to CCM for comment, but has yet to hear back.

The old CCM office building is empty in Montreal, April 17 2024. (Martin Daigle, CityNews)

 

https://montreal.citynews.ca/2024/04/17/ccm-hockey-new-ownership-potential-sale-options/

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Lion Electric with another mass firing episode, -120 employee reduction.

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Bradel Entertainment (BC based) launced their Montreal studio, location will be downtown. 

They'll start recruiting end of next month.

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Hitachi Energy announces over $100 million in modernization and upgrade of power transformer factory and facilities in Quebec, Canada

https://www.hitachienergy.com/news/press-releases/2024/04/hitachi-energy-announces-over-100-million-in-modernization-and-upgrade-of-power-transformer-factory-and-facilities-in-quebec-canada