Canadian Tire Corporation, Limited

Canadian Tire Corporation, Limited in connection with a seven-year strategic partnership with Microsoft Corporation and Microsoft Canada Inc.

Client

Canadian Tire Corporation, Limited

Value

-

Service

Commercial Technology Transactions

Date Closed

June 2023

Industry

Retail and Consumer Products

Lead Office

Toronto

 

On June 22, 2023, Canadian Tire Corporation, Limited (Canadian Tire) announced a seven-year strategic partnership with Microsoft Corporation and Microsoft Canada Inc. With this partnership, Microsoft will become the strategic cloud provider for Canadian Tire and its affiliates (including Canadian Tire Bank) and Canadian Tire will migrate most of its IT infrastructure onto the Microsoft Azure platform, allowing for them to enhance their digital capabilities.

Canadian Tire and Microsoft will also explore opportunities for co-innovation to leverage AI and machine learning to optimize Canadian Tire’s operations and enhance customer experience. This strategic partnership with Microsoft notates a major milestone in Canadian Tire’s modernization journey.

Canadian Tire Corporation, Limited is comprised of a group of companies including CT REIT, retail divisions, and financial service divisions.

Microsoft, founded in 1975, is the worldwide leader in software, services and solutions that help individuals and businesses realize their full potential.

Osler, Hoskin & Harcourt LLP advised Canadian Tire Corporation with a team consisting of Wendy Gross, Matthew Wanford, and Alex Hodgson (Technology).