Capital Iron name to survive after Victoria appliance dealer purchases intellectual property
Victoria’s iconic Capital Iron name will remain alive after a local appliance dealer purchased the name and intellectual property.
WestCoast Appliance Gallery owner Fred Aram says the company bought the Capital Iron name after the historic local department store announced it was closing.
"Every Victorian has a memory with that name. The name is so strong," said Aram.
"A name like that to disappear would be such a shame," he said. "I saw an opportunity."
Aram says he cut a deal to buy the Capital Iron name, its intellectual property and online presence just before Christmas.
In August of 2022, the historic Victoria business announced it would be closing after nearly 90 years in operation.
The closure impacted the store's downtown Victoria and Langford locations.
At the time, owner Mike Black attributed Capital Iron’s downfall to the rise in online shopping, staffing problems and inflation.
WestCoast Appliance Gallery says it plans to open a new Capital Iron storefront focused exclusively on destination outdoor living products.
The new Capital Iron will sell barbecues, patio furniture, hot tubs and other backyard and outdoor leisure goods.
Owners say they are in negotiations to acquire a downtown Victoria location, but Aram notes the ink has not dried on the deal.
It’s not clear how soon a store location could open its doors, but owners say they want to start operations in the spring of this year.
CTVNews.ca Top Stories
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Prince William and wife Kate thank public for birthday messages for son Louis
Prince William and his wife Kate thanked the public for their messages which had been sent to mark the sixth birthday of their youngest son Louis on Tuesday.
She was the closest she'd ever been to meeting her biological father. Then life dealt her a blow
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
'Catch-and-kill' strategy to be a focus as testimony resumes in Trump hush money case
A veteran tabloid publisher was expected to return to the witness stand Tuesday in Donald Trump's historic hush money trial.
Quebec farmers have been protesting since December. Is anyone listening?
Upset about high interest rates, growing paperwork and heavy regulatory burdens, protesting farmers have become a familiar sight across Quebec since December.
South Korean sentenced to 14 months in jail for killing 76 cats
South Korean man has been sentenced to 14 months in prison for killing 76 cats in one of the country's most gruesome cases of animal cruelty in recent years.