Comment by bbarnett
Comment by bbarnett 2 days ago
CTC bought Paderno, a Prince Edward Island perennial, to juice out more brand value after they’re done sucking T-Fal dry.
It's worse than that.
Panerno, a high quality manufacturer of stainless steel cookware, using North American steel, was indeed bought by Canadian Tire.
Immediately after purchase, the factory was sold to a Chinese firm, who wanted to import crappy Chinese steel, but still label cookware "Made in Canada".
It is their ingress into the North American market.
And as Paderno's plant is gone, it means that Paderno of Canadian Tire is now made with Chinese steel, not North American steel, and built to lowest quality standards.
But of course it still says "Made in Canada".
Canadian Tire has boasted in earning reports that more than 60% of its profits now come from its own brands. Often like this, quality brands bought and turned into junk.
This is one pf the reasons why many jurisdictions in Canada have warranty laws that say the retailer is liable too.
Just one quibble: Made in China doesn't automatically mean junk. Case in point: The iPhone. When it comes to Chinese manufacturing, they cater to all price points in the marketplace.