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,…
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…
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…
Dozens of schools are losing their canteens – some with just 24 hours notice – as the fallout from a school lunch makers liquidation spreads. Libelle, which provides about 125,000 meals a day for the government’s revamped school lunch programme, went bust on Tuesday. Liquidators and the main contractor Compass have stepped into make sure…
Store closing sales enter final days for Big Lots, Party City and more Axios Read the original article here
Advice available as families face ‘triple whammy’ of rising costs AngusWorld Read the original article here