International Currency Exchange to open 5 new locations

July 04, 2018

International Currency Exchange (ICE) is hot for growth in Canada, with plans to open two stores in 2018 and up to three more in 2019.
This major global brand continues to go from strength to strength and Think Retail is thrilled to be part of its growth here in Canada. We have worked with ICE since 2008, helping navigate its expansion coast to coast, in shopping centres, retail hubs and major airports, including Toronto, Vancouver, Edmonton, Winnipeg, Montreal, Ottawa, Victoria and Quebec City.
In 2016 ICE won a major RFP to open 15 locations at Toronto Pearson International Airport.
Today, ICE operates 88 branches in Canada and the company is prepared to open a couple more this year, with an additional two to three in 2019. Ideal spaces include mall kiosks or in-line units of 300 to 500 sq. ft. Also, the company is interested in 500 to 1,000 sq. ft. in open-air centres located adjacent to regional malls. Areas of interest include, Vancouver, Toronto and Montreal.
Founded in the UK in 1973, ICE now has more than 400 locations in 16 countries and this exciting organization keeps growing. In 2016, Chinese conglomerate HNA Group acquired ICE as part of a strategic effort to expand outside of Asia. Founded in 1993, privately-owned HNA is a major conglomerate with several core divisions, including aviation, real estate, capital, tourism, hospitality, technology and logistics: ICE is as a valued part of HNA Tourism, which specializes in air travel, hospitality management, tourism, finance, investment and e-commerce.
As a result, the ICE brand now boasts an even stronger mandate and global presence, as it continues to build on its strong reputation for customer-friendly foreign exchange and related services, including a popular Click & Collect service, whereby individuals or their travel agents can place currency orders by phone or online, to be picked up at the retail location of the customer’s choice.
The international brand offers an extensive range of major and exotic currencies that cater to Canada’s diverse and well-travelled population. Other services include, currency wires, money drafts, all kinds of cheques, money orders, travelers cheques and travelers GST returns. As well, some stores facilitate the sale of gold bullions, souvenir coins, Olympic coins and travelers insurance, while operating ATM bank machines. ICE’s award-winning retail stores are a popular destination for Canada’s multi-national population, particularly in major urban centres, such as Vancouver, Toronto and Montreal.
For more about ICE and its Canadian expansion plans, visit or contact the Think Retail Team.