TORONTO — Hudson’s Bay will return to court today, where it’s been seeking permission to liquidate all of its stores as it faces financial troubles.
Ontario Superior Court judge Peter Osborne said in a filing made late Tuesday that he will continue to hear motions related to the beleaguered department store that filed for creditor protection earlier this month.
Osborne said he may also give the retailer and other organizations affected by Hudson’s Bay’s creditor protection case direction on their way forward.
The judge spent Monday hearing from Hudson’s Bay about how it continues to search for financing to keep the company alive. The $23 million it has garnered so far is not enough and necessitates a full liquidation of the…
