Hudson’s Bay Company has signaled its readiness to take the next major step in its creditor protection and restructuring process, significantly reshaping Canada’s commercial retail real estate market and resulting in major job losses. On Friday, March 14, 2025, the Canadian department store retailer announced a “store-by-store liquidation process” would commence as soon as this week.
The company filed additional documents with the Ontario Superior Court of Justice indicating it has only secured limited debtor-in-possession financing, necessitating the “full liquidation of the entire business.” If the court order is received on Monday at the ‘comeback motion’, store liquidations will begin next week. According to…
