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…
The collapse of Hudson’s Bay will hit small-town Canada hard The Logic Read the original article here
Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances. The documents were submitted as part of its creditor protection filing last week. The company owes a total of $950 million to nearly 2,000 secured and unsecured creditors,…
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Puku Ora Eatery in Gisborne. Photo: Google Maps / Supplied A school lunch provider that went into liquidation at the end of January owes Inland Revenue more than $600,000, a liquidators’ report reveals. Gisborne-based Puku Ora has four business lines, liquidators McDonald Vague said: Catering services, provision of school lunches under a government contract, the…