The end may be near for Canada’s oldest company. One week after they commenced proceedings under the Companies’ Creditors Arrangement Act for creditor protection, Hudson’s Bay announced late Friday night that it had filed documents with the Ontario Superior Court of Justice indicating that it has only secured limited financing that will require the full…
Though the situation looks bleak, the company is holding out hope for a Hail Mary. It said it remains optimistic that it can drum up capital and find a solution with key stakeholders, particularly its landlord partners, to avoid a full shutdown. “Our team has worked incredibly hard to identify a viable path forward, and…
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here
The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and now spans…
Court appoints liquidator for troubled Xplico Insurance Business Daily Read the original article here
The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and now spans…
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here
Hudson’s Bay to Undergo Full Liquidation Unless an Alternative Solution Emerges Business Wire Read the original article here
Hudson’s Bay to liquidate entire business unless last-minute solution found Vancouver Sun Read the original article here