Open this photo in gallery: A Hudson’s Bay store in downtown Montreal on March 17.Christinne Muschi/The Canadian Press Liquidation sales remain on hold at Hudson’s Bay Co., as it continues talks with its landlords and lenders to determine a plan for the company’s next steps. Canada’s oldest retailer was granted protection from its creditors under…
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TORONTO – When the pre-lunch rush hit Wednesday at the flagship Hudson’s Bay store in Toronto, Brian Bursten was considering himself one of the lucky ones. As he walked out the storied retailer’s Queen Street West location, he gripped a shopping bag containing a little treasure inside: a Hudson’s Bay striped pillow. The purchase had…
Hudson’s Bay is still waiting to see if it will be granted approval to liquidate stores as the retailer requests more time to work out some of its differences with its myriad of landlords, lenders and other partners. The department store giant was in court Wednesday, where its lawyers asked for up to two more…
Whether or not Hudson’s Bay Company will have to undergo a full liquidation or will be able to keep some stores afloat while it restructures is still unknown — the indebted retailer has received another extension from an Ontario judge that will push the decision to the end of the week. Ashley Taylor, lawyer for Hudson’s Bay,…
A family-run business is stepping up to help customers after a rival firm entered liquidation. Macclesfield-based Tomkinson Heating went into liquidation earlier this month. Fortunately for their 10,000-strong customer database, GasCare have acquired the goodwill of the company. Carl Enser, GasCare’s managing director, said: “Tomkinson Heating was a very well-respected brand and they did very…
TORONTO — When the pre-lunch rush hit Wednesday at the flagship Hudson’s Bay store in Toronto, Brian Bursten was considering himself one of the lucky ones. As he walked out the storied retailer’s Queen Street West location, he gripped a shopping bag containing a little treasure inside: a Hudson’s Bay striped pillow. The purchase had…
TORONTO — Hudson’s Bay will return to court today, where it’s been seeking permission to liquidate all of its stores as it faces financial troubles. Ontario Superior Court judge Peter Osborne said in a filing made late Tuesday that he will continue to hear motions related to the beleaguered department store that filed for creditor…