HBC, founded in 1670, is Canada’s oldest company and has played a defining role in the nation’s history from the fur trade to the modern department store era. But now, with mounting debt and unsuccessful attempts to secure new investment, the retailer is preparing for a possible full-scale liquidation of its 80 Hudson’s Bay stores,…
Canada’s largest and oldest business owes close to $1 billion to creditors and suppliers. CTV’s Mason DePatie reports. TORONTO — A full liquidation at Canada’s oldest company could begin as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline. Lawyers…
Adam Carr has joined Brisbane-based law firm James Conomos Lawyers (JCL Law Partners), a specialist law firm providing services in commercial litigation and insolvency. Carr brings a unique understanding of the insolvency industry to the Brisbane-based law firm, having held roles at regulators for both personal and corporate insolvency. His most recent role was at…
Company says attempts to secure financing to pursue a restructuring transaction have failed A prominent Canadian business with a long history tied to that of the country itself has announced it will begin a store-by-store liquidation process. Hudson’s Bay Company ULC, which comprises the retailer Hudson’s Bay and TheBay.com, recently announced it has filed documents with…
Hudson’s Bay creditor protection case returns to court MSN Read the original article here
These Forever 21 locations in Virginia and North Carolina are beginning liquidation sales: VIRGINIA, USA — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S. According to bankruptcy paperwork filed Monday by F21 OpCo,…
Company says attempts to secure financing to pursue a restructuring transaction have failed A prominent Canadian business with a long history tied to that of the country itself has announced it will begin a store-by-store liquidation process. Hudson’s Bay Company ULC, which comprises the retailer Hudson’s Bay and TheBay.com, recently announced it has filed documents with…
Ola Electric share prices traded at their lowest since listing after news that two suppliers had filed an insolvency petition with the NCLT in Bengaluru, alleging non-payment of dues amounting to a cumulative ₹22.5 crore. Ola Electric has disputed the claim and said that it is fighting it legally. The company’s shares were trading at…
Breadcrumb Trail Links PMN Author of the article: Published Mar 17, 2025 • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Article content By Tara Deschamps Article content Recommended Videos Article content TORONTO — A full liquidation at Canada’s oldest company could begin…
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here