Whether or not Hudson’s Bay Company will have to undergo a full liquidation or will be able to keep some stores afloat while it restructures is still unknown — the indebted retailer has received another extension from an Ontario judge that will push the decision to the end of the week.
Ashley Taylor, lawyer for Hudson’s Bay, addressed a Toronto courtroom on Wednesday to request an extension on the formal approval of the liquidation plan until Friday, saying that the company was still engaging with stakeholders and having “good, constructive discussions.”
Canada’s oldest company officially filed for creditor protection earlier this month, admitting it was struggling with financial difficulties. Taylor said at the time that the…
