Hudson’s Bay cuts 200 corporate jobs effective April 4 – CTV News
Hudson’s Bay cuts 200 corporate jobs effective April 4 CTV News Read the original article here
Liquidation Sale Now Underway at Majority of Hudson’s Bay Company Stores Across Canada
TORONTO, March 28, 2025 /CNW/ — Store Closing Sales have begun at most Hudson’s Bay Company (“HBC”) locations while it seeks to restructure its business. Participating in this sale are 73 Hudson’s Bay stores across the country, in addition to 2 Saks Fifth Avenue and 13 Saks OFF 5TH stores in Canada. This announcement follows…
Seritage CEO Steps Down Amid Final Liquidation Push
Seritage Growth Properties, the REIT that was formed to sell off shuttered Sears department stores, will have new leadership for the process’s final stages. Bisnow/Cameron Sperance Andrea Olshan in 2017 during her tenure as CEO of Olshan Properties. Seritage CEO and President Andrea Olshan is leaving the company next month, the… Read the original article here
Hudson’s Bay cuts 200 corporate roles as painful liquidation process begins
“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe. Earlier this month, Hudson’s Bay secured protection under the Companies’ Creditors Arrangement Act. More recently, a court authorized the retailer to begin liquidation…
SRTX has a deal to raise roughly US$40M as it scrambles to stave off insolvency
Montreal textiles manufacturing company SRTX has raised roughly US$40 million from key investors in a deal that would see founder Katherine Homuth step down as CEO, The Logic has learned, as the company works to stave off an insolvency that some expect could otherwise come as soon as next month. Read the original article here
3 debt relief decisions borrowers should think about now
Knowing when it’s time to ask for help is a critical part of tackling your debt. Getty Images Debt is a growing problem. The latest consumer data shows that total household debt has surpassed $18 trillion and consumers owe a record $1.21 trillion in credit card debt. With so many consumers owing so much, some…
Hudson’s Bay Co. terminates 200 corporate employees as liquidation job losses begin
Open this photo in gallery: Hudson’s Bay Company announced on March 21, 2025 that all but six of its locations across Canada would be liquidated after the company filed for credit protection.Isabella Falsetti/The Globe and Mail Hudson’s Bay Co. has terminated the jobs of nearly 200 corporate employees – the first in what is expected…
Don’t scrap sale of firm as going concern – Opinion News
By Surendra Raj Gang On February 4, the Insolvency and Bankruptcy Board of India (IBBI), issued a discussion paper on proposed amendments for solutions to operational challenges encountered in the Corporate Insolvency Resolution Process (CIRP) and the liquidation process under provisions of the Insolvency and Bankruptcy Code, 2016 (IBC). One of the proposed amendments is…
New York lawmakers introduce Bill to help new employees manage student loan debt
The New York State Senate has passed Senate Bill S.1673, a critical piece of legislation aimed at addressing the student loan debt crisis affecting many New Yorkers. The bill mandates that all new employees be provided with essential information regarding student loan repayment options, empowering them to make informed financial decisions as they begin…
Qualified for credit card debt forgiveness? Do this next.
Qualifying for credit card debt forgiveness is just the first step toward regaining your financial freedom. RIDVAN CELIK/Getty Images With the burden of stagnant inflation and higher interest rates causing the price of borrowing to surge in recent years, many Americans have turned to credit cards to make ends meet. And that’s resulted in both…