After triggering liquidations at 86 locations across Canada, the Hudson’s Bay Co. has decided to liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location.
The company had been seeking a buyer for the six stores, but on Friday said it believed that a viable bid for the current six-store model is unlikely, and therefore liquidation sales in those stores began Friday. Should an 11th-hour bid surface, the six stores could stop liquidating.
A company called Reflect Advisors continues to solicit interest in parts of Hudson’s Bay, including certain properties and other assets, as well as a refinancing of all or a portion of the business of the company. But the deadline for these submissions is…
