Retail analyst Bruce Winder discusses the challenges facing the Bay and what potentially lies ahead for the company. TORONTO — Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. In a late Friday announcement, Canada’s…
Following Hudson’s Bay Company’s (HBC) announcement that it will liquidate its retail operations, Unifor is calling on the company to uphold its legal obligations to workers as priority number one and provide clear communication about the future of the announced liquidation. “HBC must act in good faith by ensuring workers receive the wages, benefits, and…
Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts Castanet.net Read the original article here
Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts Castanet.net Read the original article here
TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s retail landscape, as Canada’s oldest company prepares to wind down in the coming months unless it can find a last-minute solution. TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s…
Hudson’s Bay plans ‘immediate’ liquidation of entire business MSN Read the original article here
Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and is taking steps to protect its interests. New Delhi, Mar 15 (PTI) Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services…
A closure of the entire business, which is planned pending a court appearance set for Monday, would mean job losses for 9,364 employees the company has in Canada across its Hudson’s Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement. Read the…
Rosmerta Digital Services Pvt. Ltd. has sought the initiation of insolvency proceedings against a wholly owned subsidiary of Ola Electric Mobility Ltd. The operational creditor of Ola Electric Technologies Pvt. Ltd. has filed a petition the National Company Law Tribunal in Bengaluru alleging default in payments towards the services rendered, according to an exchange filing…
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here