credit: Canadian Rangers
Hudson’s Bay seeks court approval for full liquidation as financial struggles push the retailer to the brink
TORONTO, ON – The future of Hudson’s Bay hangs in the balance as the embattled retailer awaits a court decision on its request to begin liquidating all 80 of its Canadian stores, along with Saks Fifth Avenue and Saks Off 5th locations it operates under a licensing agreement.
During a Monday hearing at Ontario Superior Court, lawyers for Hudson’s Bay urged Justice Peter Osborne to approve the liquidation, arguing that the company needs…
