TORONTO – Hudson’s Bay, Canada’s oldest department store, is heading back to court on Monday to seek approval for a full liquidation of its business, a move that threatens over 9,000 jobs nationwide.
The retailer says it has exhausted all efforts to secure the financing needed to keep parts of its operations afloat. Unless a last-minute deal is struck, the company aims to wrap up its liquidation by June 15.
HBC hopes for last-minute financing
Despite the dire situation, Hudson’s Bay remains hopeful that it can secure capital or reach agreements with key stakeholders—especially landlords—to avoid shutting…
