Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
TORONTO — The death knell is ringing for Canada’s oldest company. TORONTO — The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at…
Department store chain Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. Canada’s oldest company, which dates back to 1670, has 80 stores and says it was forced toward the full liquidation because exhaustive efforts haven’t turned up the financing it…
Hudson’s Bay to liquidate entire business, still seeking additional capital Times Colonist Read the original article here
Department store chain Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. Canada’s oldest company, which dates back to 1670, has 80 stores and says it was forced toward the full liquidation because exhaustive efforts haven’t turned up the financing it…
Department store chain Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. Canada’s oldest company, which dates back to 1670, has 80 stores and says it was forced toward the full liquidation because exhaustive efforts haven’t turned up the financing it…
Hudson’s Bay to liquidate entire business, still seeking additional capital Times Colonist Read the original article here
Open this photo in gallery: An exterior view of the Hudson’s Bay store in downtown Calgary, Alberta, on March 10.Amir Salehi/The Globe and Mail Hudson’s Bay Co. may be forced to close all of its stores and will begin liquidation sales as early as next week. Canada’s oldest retailer announced late on Friday that “despite…
Canada’s oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. The department store chain with 80 stores says it has been forced toward a full liquidation because exhaustive efforts haven’t turned up the financing the company needs to restructure.…
TORONTO, March 15, 2025–(BUSINESS WIRE)–Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors…