Building projects running into billions of dollars by value are now up in the air following the lapse of Roberts Co into administration. The Sydney-based company’s Victorian arm was working on eight projects when work stopped and contractors cleared sites of their equipment, tools and labour. Company losses are so far put at $60 million…
Hudson’s Bay liquidation of all stores could start as soon as Tuesday Yahoo News Canada Read the original article here
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Company says attempts to secure financing to pursue a restructuring transaction have failed A prominent Canadian business with a long history tied to that of the country itself has announced it will begin a store-by-store liquidation process. Hudson’s Bay Company ULC, which comprises the retailer Hudson’s Bay and TheBay.com, recently announced it has filed documents with…
Hudson’s Bay liquidation of all stores could start as soon as Tuesday CBC.ca Read the original article here
Hudson’s Bay future uncertain as judge holds off on liquidation plan decision CTV News Read the original article here
A full liquidation at Canada’s oldest company could begin as soon as Tuesday, and last for up to 12 weeks. Lawyers for Hudson’s Bay were in court Monday seeking approval from a judge to begin the liquidation of all 80 stores, as it doesn’t have the necessary financing to keep operations going. 9,000 jobs are…
Forever 21 files for bankruptcy, plans US liquidation Inquirer.net Read the original article here
Article content (Bloomberg) — Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week. Article content A lawyer for Canada’s oldest company, Ashley Taylor, said HBC’s efforts to solve its cash flow crisis have “failed.” Taylor also told…
Article content (Bloomberg) — Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week. Article content A lawyer for Canada’s oldest company, Ashley Taylor, said HBC’s efforts to solve its cash flow crisis have “failed.” Taylor also told…