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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.
Canada’s oldest companyhas begun selling the inventory at nearly all its stores as it continues to hold out hope for a last-minute option to restructure.
The move comes after an Ontario court on Friday gave Hudson’s Bay permission to proceed with a revised liquidation plan, which will temporarily exclude six stores from the initial list. The company operates 80 Hudson’s Bay stores and, through a licensing agreement, three Saks Fifth Avenue and 13 Saks Off 5th stores, which are also scheduled to close.
The six stores excluded from the liquidation sale include the Hudson’s Bay flagship on Yonge Street in Toronto, a store in the city’s Yorkdale Shopping Center and one at Hillcrest Mall in Richmond Hill, Ontario. The remaining…
Liquidation sales are kicking off Monday morning at all but six of Hudson’s Bay’s locations as the company continues to search for a way to restructure.
The six stores currently omitted from the liquidation include the flagship store on Yonge Street in Toronto, as well as two others in the Greater Toronto Area and three in Quebec, including one in downtown Montreal.
Canada’s oldest company operates 80 stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada through a licensing agreement.
The company said liquidation sales will wrap up by June 15, and that it will vacate those locations by June 30. All loyalty programs and points have been suspended, but gift cards can still be used at stores until…
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022.
The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were not being paid.
Some £385,000 in VAT and £869,000 in corporation tax was owed between 2019 and 2022.
But the pair had taken out about £3 million from the company in the form of a directors’ loan by the time it went into liquidation at the end of 2022, the service said.
Sway and Starting, which was described as offering media representation services, was set up to manage income from Middleton’s television and media…
TV personality and former soldier Ant Middleton has been banned from being a company director after his business failed to pay more than £1 million in tax.
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022.
The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were not being paid.
Some £385,000 in VAT and £869,000 in corporation tax was owed between 2019 and 2022.
But the pair had taken out about £3 million from the company in the form of a directors’ loan by the time it went into liquidation at the end of 2022, the service…
Liquidation of Hudson’s Bay begins at all but 6 stores
Alexandra Mae Jones | CBC News | Posted: March 24, 2025 1:20 PM | Last Updated: Just now
Online sales will continue through April 15, in-store liquidation sales to wrap up by June 15
Image | Hudsons-Bay-CCAA 20250320
Caption: All but six of Hudson’s Bay’s stores will start to sell off their inventory today. (Jeff McIntosh/The Canadian Press)
Liquidation sales are kicking off Monday morning at all but six of Hudson’s Bay’s locations as the company continues to search for a way to restructure.
The six stores currently omitted from the liquidation include the flagship store on Yonge Street in Toronto, as well as two others in the Greater Toronto Area and three in Quebec,…
England Rugby Travel Limited, a venture involving rugby’s governing body the RFU, has gone into liquidation.
England Rugby Travel Limited, a venture involving rugby’s governing body the RFU, has gone into liquidation.
The firm, based out of Twickenham Stadium (Allianz Stadium), provided fans with ticket packages and experience for England Rugby matches both home and away.
Paul Ellison and Rob Keyes of KRE Corporate Recovery Limited have been appointed liquidators for the firm, which was jointly run by the Rugby Football Union and Mike Burton Group having been launched 20 years ago in 2005.
The processes involving the resolutions for winding-up, the appointment of liquidators and notices to creditors were all issued on…
This week (24-30 March 2025) is Debt Awareness Week.
According to Fair 4 All Finance, 20.3 million people live in financially vulnerable circumstances, with 2.7 million falling into difficulties.
Meanwhile, figures from The Money Charity show that the average credit card debt per household is £2,528, and UK Finance has reported that balances on credit cards have grown by 5.6% year-on-year.
Top tips to become debt-free
Credit reporting and personal finance website TotallyMoney has put together the following tips to help people get out of debt.
