The company that owns the Village Green Shopping Centre is owed roughly $283,000 from The Bay. Smaller amounts are owed to the City of Vernon and a local plumbing company
Hudson’s Bay, Canada’s oldest company, is in the process of liquidating almost all of its department stores, and creditors for its Vernon location have been left with unpaid bills from the retail giant.
Hudson’s Bay Company ULC announced it had filed for protection under the Companies’ Creditor Arrangement Act (CCAA) on March 7, a move the company’s president and CEO Liz Rodbell said was a “very difficult (but) necessary step.” The company filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure…
