In a significant move reflecting its ongoing financial turmoil, Hudson’s Bay Company (HBC) has received court approval to liquidate all but six of its 96 stores across Canada. This decision, finalized on March 21, 2025, comes as the retailer grapples with nearly $1 billion in debt and seeks to pay back creditors while navigating a…
TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of its stores open — for now — but will begin liquidating the remainder on Monday. TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of…
Canada’s oldest company to liquidate all but 6 stores starting Monday The Hill Read the original article here
TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of its stores open — for now — but will begin liquidating the remainder on Monday. TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of…
TORONTO — An Ontario court on Friday gave Hudson’s Bay, Canada’s oldest company, permission to start liquidating all but six of its stores on Monday. The approval from Ontario Superior Court judge Peter Osborne allows the retailer, which dates back to 1670, to begin selling off inventory at most of its 80 Hudson’s Bay stores,…
(Bloomberg) — 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.…
TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of its stores open — for now — but will begin liquidating the remainder on Monday. TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of…
Hamilton, Burlington Hudson’s Bay locations slated to close in liquidation Hamilton Spectator Read the original article here
TORONTO — Hudson’s Bay is due to liquidate all but six of its stores starting on Monday. Here’s how the process will unfold. Which stores are part of the liquidation? Hudson’s Bay wants to liquidate all but six of its stores. TORONTO — Hudson’s Bay is due to liquidate all but six of its stores…
Hudson’s Bay heads back to court where it’s been asking for liquidation permission MSN Read the original article here