Hudson’s Bay, Canada’s oldest company, is hoping it can avoid a shut down by announcing a liquidation strategy amid financial struggles.
On Friday, the department store company said unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week.
“Devastating,” Victoria shopper Maggie said on Saturday. “I think it’s an icon of Canadian history and it’s a real shame.”
The iconic department store chain, which dates back to 1670 and now has 80 stores across Canada, says it has been forced to liquidate because “exhaustive” efforts haven’t turned up the financing it needs to keep the company alive.
“We’re definitely surprised, shocked by…
