After filing for and being granted creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on March 7, the Hudson’s Bay Company (HBC) was set to return to court on March 17 with a liquidation plan. However, due to the scale of its insolvency and competing motions filed by affected parties, the court delayed its…
Toronto | Hudson’s Bay Co can begin liquidating all but six of its stores on Monday, an Ontario court decided on Friday (Saturday AEDT), ending an era of department store dominance for Canada’s oldest company. The Ontario Superior Court approved the retailer’s wind-down proposal as it tries to find restructuring solutions with its creditors and…
Photo: Alex Passini/Google Hudson’s Bay will be liquidating all but six stores starting on Monday. An Ontario court has given Canada’s oldest company permission to begin selling off inventory at most of its 80 Hudson’s Bay stores. The ruling marks a glimmer of hope for the company, which filed for creditor protection on March 7th.…
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Breadcrumb Trail Links News Retail & Marketing The closure of HBC’s stores could impact 9,360 employees and could “drastically” alter the dynamics of malls nationally Get the latest from Naimul Karim straight to your inbox Sign Up Published Mar 21, 2025 • Last updated 8 minutes ago • 3 minute read You can save this article…
KAMLOOPS, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) Local 1-417 is calling on Hudson’s Bay (HBC) to put workers first as the company proceeds with the liquidation of its Kamloops store. A closure of this store will result in the loss of over 30 unionized jobs, dealing a significant…
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TORONTO — Hudson’s Bay is due to liquidate all but six of its stores starting on Monday. Here’s how the process will unfold. Which stores are part of the liquidation? Hudson’s Bay wants to liquidate all but six of its stores. TORONTO — Hudson’s Bay is due to liquidate all but six of its stores…
Canada’s Oldest Retailer, Hudson’s Bay, to Begin Liquidating Most Stores on Monday Bloomberg Read the original article here
Canada’s Oldest Retailer, Hudson’s Bay, to Begin Liquidating Most Stores on Monday Bloomberg Read the original article here