Hudson’s Bay has begun liquidating all of its stores after the company filed for creditor protection in March.
Here’s how the process is unfolding so far:
Which stores are part of the liquidation?
All of them.
Initially, Hudson’s Bay was liquidating all but six of the 80 locations it has under its Hudson’s Bay banner, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.
It recently expanded that liquidation to all stores because the company’s financial adviser said there is a “low probability” that the firm will find a buyer for its remaining locations by the deadline it has next week.
What is the timeline for liquidation?
Liquidation has to be wrapped…
