Investing.com -- Hudson’s Bay, the troubled retailer, has received a bid from Canadian Tire, according to The Canadian Press, citing two sources knowledgeable about the sales process. The sources, who remain anonymous as they were not authorized to discuss the matter, have indicated that the household goods chain is interested in acquiring some of the struggling department store’s intellectual property.

The deadline for submitting formal bids for Hudson (NYSE: HUD )’s Bay assets was 5 p.m. on Wednesday, as part of the retailer’s ongoing creditor protection court case.

Other interested parties include Toronto investment manager Urbana Corp., which has also made a bid for the company’s intellectual property. In addition, Weihong Liu, a billionaire mall owner from British Columbia, has expressed her intention to propose a plan to operate some of Hudson’s Bay stores.

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