Hudson’s Bay cuts 200 corporate roles as painful liquidation process begins

“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe. Earlier this month, Hudson’s Bay secured protection under the Companies’ Creditors Arrangement Act. More recently, a court authorized the retailer to begin liquidation…

Here’s what you need to know

Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of the liquidation? Hudson’s Bay is liquidating all but six of its stores. It has 80 stores under the Hudson’s Bay banner,…

Hudson’s Bay liquidation sales on now

Business Published: March 28, 2025 at 11:23AM EDT A pedestrian passes the Hudson’s Bay store in downtown Calgary, Alta., Thursday, March 20, 2025. THE CANADIAN PRESS/Jeff McIntosh Most Hudson’s Bay Company stores across Canada have launched liquidation sales offering “unprecedented savings,” as Canada’s oldest company seeks to restructure itself. Discounts of up to 40 per cent…

Share trading to be suspended in historic Zytronic

ManufacturingDeals Trading in the shares of historic North East tech firm Zytronic is to be suspended next week. Gateshead-headquartered Zytronic, a manufacturer of touch overlay sensors for interactive displays dating back to the 1940s, employs more than 100 people. In consultation with FRP Advisory Trading Limited, it is winding down operations after considering several options…