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. The retailer also owns three Saks Fifth Avenue stores and 13…
TORONTO — An Ontario court has given Canada’s oldest company permission to liquidate all but six of its stores starting on Monday. TORONTO — 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…
The move stands to save some of the 9,364 jobs that could be lost if the company liquidated all of its stores, which was the plan until Hudson’s Bay said Friday that sales had exceeded its expectations, allowing for it to keep six locations alive. “If a solution can be found, there is an opportunity…
By Tara Deschamps The Canadian Press Posted March 21, 2025 10:45 am 1 min read Descrease article font size Increase article font size 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 Friday to seek permission from…
Food delivery aggregator Zomatomay face an insolvency plea as one of its operational creditors has moved the National Company Law Tribunal (NCLT), seeking restoration of its previous petition. Nona Lifestyle Pvt Ltd, an operational creditor, has moved NCLT requesting to restore an insolvency plea filed by it earlier against Zomato Ltd under Section 9 of…
No Ottawa stores on the list of locations Hudson’s Bay hopes to save CTV News Read the original article here
Hudson’s Bay hopes to save six stores from liquidation CTV News Read the original article here
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open. TORONTO — 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…
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open. TORONTO — 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…
Hudson’s Bay Co. is seeking court approval to begin liquidation of all but six of its locations across Canada, starting on Monday, though the retailer is still hoping to save some of its stores. The faltering retailer has changed its plans for the closing sale – removing the six stores from the process for now…