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…
Hudson’s Bay plans to liquidate. Here are key takeaways from Monday’s court hearing Times Colonist Read the original article here
F21 OpCo, LLC Initiates Voluntary Chapter 11 Process With Support of Its Lenders Business Wire Read the original article here
Hair Republic in Rideau Centre owed thousands as Hudson’s Bay seeks liquidation CTV News Read the original article here
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…
Does Hudson’s Bay liquidation signal the end of an era for department stores? CTV News Read the original article here
Autoplus Limited, based in Norton, Stockton, entered voluntary liquidation on March 10, leaving customers and staff devastated by the news. The liquidation resulted in job losses for several employees, while loyal customers have expressed their disappointment at the closure of the long-standing business. Many have taken to social media to share their frustration and sadness, with some…