Hudson’s Bay Co. ULC, a company that’s so old it once played a central role for goods traders in Britain’s North American colonies, is being stripped for parts. The retailer, currently under bankruptcy protection in Canada, had devised a plan to rescue six of its 96 stores from liquidation, including its flagship location in one…
Hudson’s Bay expected to begin liquidation at final six stores Castanet Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that a change in the quantum of debt to be paid by the personal guarantor, following the approval of the resolution plan in the Corporate Insolvency Resolution Process (CIRP) of the…
All Canadian Hudson’s Bay and Saks Fifth Avenue stores are slated to cease operations by 15 June 2025. Credit: ACHPF / Shutterstock. Canadian retail conglomerate Hudson’s Bay Company has commenced liquidation sales at its remaining… Read the original article here
TORONTO – Hudson’s Bay is expected to start liquidating its final six stores today. A court filing made earlier in the week by a financial adviser to the beleaguered department store says the selloff will begin because there is a “low probability” that the company will find a buyer for its remaining locations. Those locations…
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