Ola Electric shares is set to attract investor attention following a significant development with its creditor Rosmerta Group. The company has completely settled its outstanding dues, leading to the withdrawal of an insolvency petition. In an early morning exchange filing, Ola Electric Technologies announced that it has “amicably settled all outstanding dues” with Rosmerta Group.…
Logo supplied by HBC Toronto – Canada’s oldest company will begin going-out-of-business proceedings for nearly all of its 80 Hudson’s Bay stores today. Hudson’s Bay Company ULC, the Canadian entity comprising the retailer Hudson’s Bay and TheBay.com, has been given permission by the temporarily permission by the Ontario Superior Court of Justice to exclude six…
Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…
FILE PHOTO – Workers at The Hudson’s Bay store in Kamloops walked out of the job just before Christmas in 2023, shutting the doors for five months. (LEVI LANDRY / iNFOnews.ca) March 24, 2025 – 7:00 PM As Hudson’s Bay liquidates the merchandise…
Wenzel’s the Bakers, which is headquartered in Tolpits Lane, has played down any concerns despite confirming that it is the subject of a winding-up notice. A winding-up petition can be issued to take a company to court if it cannot pay its debts and, if successful, company assets can be sold to pay creditors –…
Shoppers pour into remaining Bay location in city for deals, but liquidation starts tomorrow Liquidation sales start tomorrow at The Bay, but that did not stop shoppers from crowding into the location at Mapleview Centre on Monday morning. The parking lot was full at 11 a.m. today, (Monday, March 24) though many shoppers were seen…
Liquidation sales begin at all three Hudson’s Bay locations on Vancouver Island Victoria Buzz Read the original article here
Gift this article A rule that kept bankrupt businesses on life support is on its way out, promising speed, transparency and better liquidation value. A rule that kept bankrupt businesses on life support is on its way out, promising speed, transparency and better liquidation value. India’s bankruptcy rule maker recently proposed to drop the clause…
As the liquidation sales continue, the discounts will deepen, but customers will face issues like sizing, colour, and quality of inventory available, said Jeff Schwarz, owner of Burnaby-based Direct Liquidation, who was known as The Liquidator on the Canadian reality television series of the same name. Read the original article here
TORONTO — Canadians headed to Hudson’s Bay stores Monday in hopes of scooping up the first of the retailer’s liquidation deals, but many left confused about whether the markdowns had even begun. TORONTO — Canadians headed to Hudson’s Bay stores Monday in hopes of scooping up the first of the retailer’s liquidation deals, but many…