TORONTO, March 15, 2025–(BUSINESS WIRE)–Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors Arrangement Act (CCAA), it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business. A store-by-store liquidation process will begin as soon as next week.
The Company remains hopeful that key stakeholders, particularly its landlord partners, will engage to…
