TORONTO — Hudson’s Bay was in court Monday, seeking approval to begin a full liquidation even as it fights to stay alive.
After arguments went on hours longer than expected, judge Peter Osborne said he needed time to review the case and would rule later on the liquidation plan.
Here are some key takeaways from Monday’s court hearing.
Which stores are part of the liquidation?
Hudson’s Bay wants to liquidate all 80 stores, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.
Hudson’s Bay has 32 locations in Ontario, B.C. hosts 16 locations, Alberta and Quebec each have 13, and Manitoba, Nova Scotia and Saskatchewan have two per province.
Saks…
