[Editor’s Note: This article will continue to be updated as the CCAA creditor protection proceedings for Hudson’s Bay progresses. Last update: March 18, 2025.]
Canada’s oldest retailer and one of its most-storied companies, the Hudson’s Bay Company, is insolvent. It’s a stunning turn of events for a company that is so deeply ingrained in Canada’a history, and the company’s downfall will undoubtedly be thoroughly analyzed and studied in the days, weeks, and years to come.
The Hudson’s Bay Company (HBC) was incorporated on May 2, 1670 — 354 years ago — and was granted creditor protection as an insolvent company under the Companies’ Creditors Arrangement Act on March 7, 2025.
Below is a timeline of the company’s extensive history, the…
