Hudson’s Bay Co. will decide on a buyer or buyers for its assets and store leases by early to mid-June.
During a court appearance on Tuesday, Ashley Taylor of Stikeman Elliott LLP, who is representing HBC, provided the timeline, saying that the company will be back in court in two to three weeks to seek approval of one or more transactions.
Canada’s oldest retailer has received 17 bids for its assets and operations, according to court documents. Those could include bids on the company’s intellectual property, such as its historic stripe design, the Hudson’s Bay name, and private label brands. They could also include bids on records such as customer databases and other company assets.
In a separate bidding process for the Bay’s…
