This article was published on October 8th, 2018.
While other countries often get all the attention for some of the insanely large and successful brands that have come out of their own areas, Canada is a part of the world that has brought about some incredible companies too. The only difference though is that it seems that whenever a Canadian company gets big enough to grab global attention, it gets sold to a bigger company outside of Canada.
It's a sad reality but regardless of the companies being sold off, these Canadian brands made big strides and overcame a lot of challenges to become as big of brands as they got before selling themselves. So check out some of the mega-successful Canadian brands that are no longer Canadian but we still know and love regardless!
Your favourite kind of Gingerale came about after a Canadian pharmacist named John McLaughlin created it back in 1904. While the drink is still incredibly popular and bears Canada in its own name, it's no longer owned by a Canadian. Now the drink is owned by American beverage giant Keurig Dr Pepper, which also owns other familiar products such as Snapple, 7 Up, Mott's and Keurig K-cups and brewers.
Hudson's Bay Company
Hudson's Bay Company is one of the oldest and most iconic Canadian brands, being founded back in 1670. While the company has thrived in Canada as the go-to spot for local shoppers to grab anything from coats to makeup and jewelry, it's actually no longer a Canadian owned company. Rather Hudson's Bay is now owned by NRDC Equity Partners, an American private-equity firm that also owns companies such as Lord & Taylor and other department stores in the United States.
Tim Horton's at one point was the country's favourite kind of coffee, but the iconic brand has definitely suffered a significant fall from grace in the past few years, to say the least. While it definitely has to do with the company's fair share of scandals over the past year, the decline started when Tim Horton's sold themselves to American food giant, Burger King, back in 2014.
Canada Goose is one of the most popular choices for a coat that can protect you from the freezing cold winds that come with Canadian Winters. While the coats are still proudly made in Canada, the company itself was sold to an American private-equity firm called Bain back in 2013 that holds a majority of the company's stocks.
Molson is another company that had started out Canadian but has gone in a new direction after a merge with American owned Coors in 2005. Now Molson is a division of the Molson Coors Brewing Company, but still confirm the beer itself is "proudly Canadian."
Molson reached out to Narcity with a statement on their continual involvement in the Canadian direction of the brand: ''With our Canadian headquarters located in Toronto and offices in Montreal, Molson Coors is very proudly Canadian. In fact, Geoff Molson and Andrew Molson—seventh generation members of the Molson family –are still actively involved in driving the direction of the company.''
Bauer is a well-loved brand in Canada considering how many people love to lace up their skates and get in a round of shinny when the cooler weather starts to arrive. While the brand was created and run by Canadians, it was bought along with other companies by Nike back in 1994, making it an American owned company ever since.
Like Bauer, CCM is another household Canadian brand in the hockey world that was created in Ontario. Most kids can remember a time they played with a CCM stick. Unfortunately, it seems that everytime a Canadian company starts to gain global traction, Canadian owners tend to hand over their companies to Americans. CCM is no different in this case as they were acquired by Reebok back in 2004 and continue to be owned by the American sports giant.
CN Rail is one of the most iconic Canadian shipping methods used to get things from point A to point B. Unfortunately, CN Rail currently has 2/3 of its shares owned by Americans meaning that from a shareholder standpoint, the iconic Canadian way of moving supplies isn't even really owned or controlled by Canadians anymore.
You would think that one of the most frequently seen gas stations in Canada would be one that's actually owned by Canadians, but you couldn't be more wrong! Shell Canada is merely the Canadian branch of Shells that are ultimately owned by Royal Dutch Shell which is European owned and operated.
This one might come as a shock to you, but Roots wasn't even created by Canadians. The iconic "Canadian" brand was the product of two Americans who had gone to a camp based in Algonquin Park and after falling in love with the area over 13 Summers of revisiting, they created the Roots brand that has taken the country by storm. The majority of the company's stakes are now held by Searchlight Capital Partners, an American investment firm.