Here’s what you need to know

Hudson’s Bay has begun liquidating all of its stores after the company filed for creditor protection in March. Here’s how the process is unfolding so far: Which stores are part of the liquidation? All of them. Initially, Hudson’s Bay was liquidating all but six of the 80 locations it has under its Hudson’s Bay banner,…

R3: Creditor action fuels rise in Scottish business insolvencies

Annual statistics for the financial year 2024-2025 show a slight increase in corporate insolvencies in Scotland, contrasted by a notable decrease in personal insolvencies. There were 1,175 corporate insolvencies recorded, representing a marginal 0.6% rise from the previous year (1,168) and a 3.8% increase compared to 2022-2023 (1,132). In contrast, personal insolvencies dropped by 8.3%…