Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation – Bloomberg
Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation Bloomberg Read the original article here
Sunac Creditor Tells Court Company Has No Feasible Debt Plan – Bloomberg
Sunac Creditor Tells Court Company Has No Feasible Debt Plan Bloomberg Read the original article here
Hudson’s Bay liquidation sales begin at all but six of its stores
TORONTO — Canada’s oldest company will begin liquidating most of its stores this morning. Hudson’s Bay says all but six of its locations will be selling off their inventory. The company is aiming to wrap up the liquidation by June 15. TORONTO — Canada’s oldest company will begin liquidating most of its stores this morning.…
Supreme Court appoints special purpose liquidator to replace incumbent liquidator
On 4 March 2025, the Victorian Supreme Court made orders that a special purpose liquidator be appointed to replace an incumbent liquidator to finalise a long-running liquidation. The decision demonstrates the flexibility of the Court’s powers under section 90-15(1) of the Insolvency Practice Schedule (Corporations) to replace liquidators if it is in the best interests…
Gregory O’Shea’s lavish lifestyle continues as his business empire crashes down around him
Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd. “I categorically deny all…
Thousands of Hudson’s Bay employees facing layoffs with company set to liquidate stores
Open this photo in gallery: People walk into a Hudson’s Bay store in Hamilton, Ont., on March 21.Carlos Osorio/Reuters As an order processor at the Hudson’s Bay Co. distribution centre in Toronto’s east end, Kevin Grell has been working harder than usual in recent weeks – all while fearing for his livelihood. “I see a…
Sharvain Facades goes into voluntary administration – MSN
Sharvain Facades goes into voluntary administration MSN Read the original article here
Hudson’s Bay to Begin Liquidating Most Stores on Monday
Hudson’s Bay Co. ULC can begin liquidating all but six of its stores on Monday, an Ontario court decided on Friday, ending an era of department store dominance for Canada’s oldest company. The Ontario Superior Court approved the retailer’s wind-down proposal as it tries to find restructuring solutions with its creditors and landlords. The liquidation…
Hudson’s Bay hopes to save six stores, begin liquidation process Monday
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep a half-dozen stores open — for now. Canada’s oldest company was in court Monday to seek permission from an Ontario judge to liquidate all but six stores starting Monday. The six stores Hudson’s Bay wants to…
New legal action against Scott McCorkell goes after agency founder’s assets
Credit: Markus Winkler via Unsplash https://unsplash.com/@markuswinkler Scott McCorkell, the founder of the failed North Sydney advertising agency that bears his name, and his advisors face fresh legal action in the Federal Court. The current liquidator of McCorkell and Associates, Michael Hogan, is taking action against McCorkell and those who advised him in a process…