Hudson's Bay to liquidate entire business, still seeking additional capital – Times Colonist
Hudson’s Bay to liquidate entire business, still seeking additional capital Times Colonist Read the original article here
Hudson’s Bay Co. may be forced to close all stores
Open this photo in gallery: An exterior view of the Hudson’s Bay store in downtown Calgary, Alberta, on March 10.Amir Salehi/The Globe and Mail Hudson’s Bay Co. may be forced to close all of its stores and will begin liquidation sales as early as next week. Canada’s oldest retailer announced late on Friday that “despite…
Hudson’s Bay to start liquidating stores as early as next week
Canada’s oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. The department store chain with 80 stores says it has been forced toward a full liquidation because exhaustive efforts haven’t turned up the financing the company needs to restructure.…
Hudson’s Bay to Undergo Full Liquidation Unless an Alternative Solution Emerges
TORONTO, March 15, 2025–(BUSINESS WIRE)–Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors…
Failed school lunch provider Puku Ora had big tax bill
Puku Ora Eatery in Gisborne. Photo: Google Maps / Supplied A school lunch provider that went into liquidation at the end of January owes Inland Revenue more than $600,000, a liquidators’ report reveals. Gisborne-based Puku Ora has four business lines, liquidators McDonald Vague said: Catering services, provision of school lunches under a government contract, the…
Schools closing canteens with short notice after Libelle liquidation
Dozens of schools are losing their canteens – some with just 24 hours notice – as the fallout from a school lunch makers liquidation spreads. Libelle, which provides about 125,000 meals a day for the government’s revamped school lunch programme, went bust on Tuesday. Liquidators and the main contractor Compass have stepped into make sure…
Store closing sales enter final days for Big Lots, Party City and more – Axios
Store closing sales enter final days for Big Lots, Party City and more Axios Read the original article here
Huge healthcare firm files for Chapter 7 liquidation – TheStreet
Huge healthcare firm files for Chapter 7 liquidation TheStreet Read the original article here
Collas Crill appoints Partner in Global Insolvency and Corporate Disputes team
Jonathan Barham has joined Collas Crill as a Partner in the Global Insolvency and Corporate Disputes team. With more than 20 years’ experience of dealing with all aspects of commercial litigation, encompassing a broad range of business, corporate, insolvency and trust disputes, Jonathan (pictured) is will also act as the local practice head of the…
Pioneer Channel Factory files for its own insolvency
Pioneer Channel Factory, a Mumbai-based company, has filed for the initiation of its Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted the petition and ordered the commencement of the CIRP. Background of the case Pioneer Channel Factory…