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Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process.
Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay
The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors Arrangement Act (CCAA) proceedings.
For the time being the Downtown Queen Street location at 176 Yonge Street in Toronto, Yorkdale Shopping Center in Toronto, Hillcrest Mall in Richmond Hill, the Downtown Montreal location, Carrefour Laval in Laval, and the Pointe-Claire…
The federal government has handed down some major cost-of-living relief policies in this year’s Federal Budget and there’s hope it will benefit Australians years into the future.
Economic predictions for Australia extend to 2028 – three years from now – in Treasurer Jim Chalmers’ fourth Federal Budget.
There are modest tax cuts, student debt relief, pay rises, healthcare subsidies and housing boosts on the cards for the next few financial years.
We don’t have a crystal ball, but we can take a look at how all these budget policies might impact our future selves in 2028.
What will Australia look like in 2028, according to the federal government? (Graphic: Polly Hanning)
Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month.
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…
UNITED NATIONS, Mar 25 (APP): Pakistan has underscored the need for the world community to agree on providing debt relief for developing countries at the upcoming Fourth International Conference on Financing for Development (FFD4), as part of efforts to build a more just world.
“Developing countries are not only spending more on debt servicing than in service of their citizens, but they also face net resource outflows,” Ambassador Asim Iftikhar Ahmad, permanent representative of Pakistan to the UN, told an Inter-sessional consultations of the Preparatory Committee for the Conference which will be held in Seville, Spain, from 30 June to 3 July 2025.
The government has continued facing pressure regarding the external debt management in eight months (July-February) of the 2024-25 financial year.
Economic Relations Division officials said that the pressure continued to be felt as both foreign loan commitments and disbursement were falling against an upward trend in payments of government foreign debts.
Shoppers hunt for bargains at the Hudson’s Bay store in Aberdeen Mall on Monday, March 24, the first day of liquidation for Canada’s oldest company, which is ceasing operations in Kamloops after more than 200 years.
UPDATE: 10:18 a.m.
The union representing more than two dozen workers at the Kamloops Hudson’s Bay store says employees have not heard a peep from Canada’s oldest company about plans to wind down operations.
“We’re just assuming that it will,” Jordan Lawrence, USW Local 1-417 financial secretary, told Castanet Kamloops.
Hudson’s Bay Company was given court approval last week to begin liquidating all but six of its 80 department stores — a move Lawrence described as “absolutely…
Transfer provider Resorthoppa (UK) had been loss-making for years and only emerged from a corporate voluntary arrangement (CVA) last November before going into administration this month.
However, the failure can be traced back to the collapse of Lowcost Travel Group in 2016 which left Resorthappa to write off a debt of £1.3 million.
Resorthoppa (UK) and parent Resorthoppa entered administration on March 4, with administrators acting for KR8 Advisory confirming the business and assets were sold to new company Hoppa Group, set up in February, with “equity investment from new investors”.
Staff were transferred to Hoppa Group, marketed as “the new face of Resorthoppa”, at the same time.
Tim Petruk – Mar 25, 2025 / 9:06 am | Story: 540505
Photo: Castanet
Shoppers hunt for bargains at the Hudson’s Bay store in Aberdeen Mall on Monday, March 24, the first day of liquidation for Canada’s oldest company, which is ceasing operations in Kamloops after more than 200 years.
Shoppers were scoping out deals at the Hudson’s Bay store in Aberdeen Mall on Monday, the first day of liquidation for Canada’s oldest company, which has roots in Kamloops going back more than 200 years.
Hudson’s Bay Company was given court approval last week to begin liquidating all but six of its 80 department stores, as well as 16 specialty stores — a move described as “absolutely devastating” by the Kamloops…
