The parent company of Jeanswest has entered voluntary administration, making it the latest retailer to collapse in a brutal environment for Australian fashion brands.

Harbour Guidance Pty Ltd, the corporate entity behind the Jeanswest brand, on Wednesday appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners Melbourne as joint administrators.

The administration will see 90 physical stores close across Australia, affecting 600 team members.

The administrators are considering options to keep the brand and its online retail operations alive.

In a statement obtained by SmartCompany, Bainbridge said the decision was the result of harsh economic conditions for discretionary retail.

A UNBC Associate Professor wouldn’t be surprised to see the Hudson’s Bay Company continue to exist even after 86 of its 92 Bay stores close down following liquidation.

Yesterday (Monday), liquidation began at the majority of its storefronts including the Parkwood Place location in Prince George. On Friday an Ontario judge ruled six of its locations in the Toronto-area and Quebec can remain open.

In an interview with Vista Radio, Sims said being in business for over 350 years is a testament to the company’s ability to adapt, noting both sides of his family have a history with Hudson’s Bay.

“I have family members on both sides – on my mother’s and father’s family either worked for Hudson’s Bay Company or brought in furs…

Canada’s oldest company will begin liquidating most of its stores this morning.

Hudson’s Bay says all but six of its locations will be selling off their inventory.

The company is aiming to wrap up the liquidation by June 15. Gift cards will be accepted until April 6, but loyalty points cannot be used.

Hudson’s Bay says all sales will be final at the liquidating stores.

The six stores omitted from the liquidation sales include the flagship on Yonge Street in Toronto, as well as a location in the city’s Yorkdale Mall and another farther north in Hillcrest Mall in Richmond Hill, Ont.

The remaining three span downtown Montreal, the Carrefour Laval Mall and Point-Claire, Que.

The liquidation comes after…

BOLINGBROOK, Ill., March 25, 2025 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon” or the “Company”), a U.S.-based, high-performance, hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, today announced that, at the Company’s special meeting of stockholders (the “Special Meeting”) held earlier today, its stockholders voted to approve the transfer of all or substantially all of the Company’s assets through an assignment for the benefit of creditors (the “Assignment,” and such proposal, the “Assignment Proposal”) and the liquidation and dissolution of the Company pursuant to a plan of dissolution (the “Dissolution,” and such proposal, the…

Millions of Americans are currently feeling the pressure caused by today’s high-rate landscape, but credit card users, in particular, are at risk of serious debt-related issues right now. Not only are rates on credit cards variable, meaning that they can change without much notice, but today’s average credit card rates are at record highs and are nearing 23%. Depending on your credit profile, though, there’s a chance that the…

TORONTO — When Olivia Glauberzon pulled up to the loading docks at two Hudson’s Bay stores last Wednesday, she had suitcases in tow and a plan to fill them with remaining product from After9, her company selling athleisurewear for moms.

As she got out of the car at the flagship downtown Toronto and Oakville, Ont., stores, she noticed she had plenty of company.

“The loading dock was full of small cars like mine, so that’s how I had a feeling there were a lot of vendors in the Bay that day doing what I was doing,” said Glauberzon.

She wanted to take back her apparel because she can make more by selling it…

Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month.

Here’s how the process is unfolding so far:

Which stores are part of the liquidation?

Hudson’s Bay wants to liquidate all but six of its stores. It has 80 stores under the Hudson’s Bay banner, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.

Those stores are divided between 32 locations in Ontario, 16 in B.C., 13 each in Alberta and Quebec, and two in each of Manitoba, Nova Scotia and…