For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails An Ontario court on Friday gave Hudson’s Bay, Canada’s oldest company, permission to start liquidating all but six of its…
“Hudson’s Bay has been a cornerstone of our community for over 45 years. Generations of families have shopped at this store and been served by our amazing members, who have taken great pride in their work,” he added. Representatives of Canada’s oldest company were in court this week to seek permission from an Ontario judge…
Canada’s oldest company to liquidate all but 6 stores starting Monday CBS 4 Indianapolis Read the original article here
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An Ontario court has given Canada’s oldest company permission to liquidate all but six of its stores starting on Monday. The approval from Ontario Superior Court judge Peter Osborne allows Hudson’s Bay to begin selling off inventory at the bulk of its 80 stores, including the Hudson’s Bay location at Devonshire Mall in Windsor. The…
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After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open. Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all its other stores, and hopes to begin that process starting Monday. Hudson’s Bay lawyer Ashley Taylor says…
That court intervention has left individual landlords questioning where they rank on the list of creditors seeking to recover money from the company. Hamish McMillan is among them and claims he is owed $23,349. He claims Haven Living director Alex Hitchcock “gave personal promises” the company would pay his rent money. We’re disgusted with the…
TORONTO — After a week spent seeking a lifeline, an Ontario court has given Canada’s oldest company permission to start liquidating all but six of its stores on Monday. The Friday approval from Ontario Superior Court judge Peter Osborne allows the retailer to begin selling off inventory at most of its 80 Hudson’s Bay stores,…
In a significant move reflecting its ongoing financial turmoil, Hudson’s Bay Company (HBC) has received court approval to liquidate all but six of its 96 stores across Canada. This decision, finalized on March 21, 2025, comes as the retailer grapples with nearly $1 billion in debt and seeks to pay back creditors while navigating a…