TORONTO — The clock is ticking down on two deadlines that may determine the fate of Hudson’s Bay.
Anyone interested in buying Canada’s oldest company or assets like the rights to its iconic Stripes brand has until Wednesday at 5 p.m. to submit binding proposals. Those wanting to take on leases held by the 355-year-old department store chain or its sister Saks businesses must make binding bids by Thursday.
Both processes began after Hudson’s Bay filed for creditor protection in March, saying the impacts of the COVID-19 pandemic, reduced downtown traffic and an intensifying tariff war were causing significant financial difficulties.
The now-liquidating company thought putting itself and its leases up for sale would uncover a route…
