TORONTO — Canada’s oldest company, Hudson’s Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation.
An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a way forward, but would also put a timeline on how long it has before it will have to sell off the remaining stores.
Ontario Superior Court Judge Peter Osborne adjourned the hearing mid-morning Thursday, promising to make a decision on the agreement later that day or early the next.
When Hudson’s Bay first started floating the agreement, it came with a deadline forcing liquidation of the surviving six…
