The Bay could start liquidation sales this week CBC.ca
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Building projects running into billions of dollars by value are now up in the air following the lapse of Roberts Co into administration.
The Sydney-based company’s Victorian arm was working on eight projects when work stopped and contractors cleared sites of their equipment, tools and labour.
Company losses are so far put at $60 million and appear likely to rise.
The jewel in the Roberts Co project stable was the four-level Amazon site in Craigieburn, which will – eventually – become Australia’s biggest automated warehouse. Its site is the equivalent size of 11 Melbourne Cricket Grounds (MCGs).
Other projects affected by the giant construction company’s collapse are the Investa and Oxford…
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Hudson’s Bay liquidation of all stores could start as soon as Tuesday Yahoo News Canada
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Company says attempts to secure financing to pursue a restructuring transaction have failed
A prominent Canadian business with a long history tied to that of the country itself has announced it will begin a store-by-store liquidation process.
Hudson’s Bay Company ULC, which comprises the retailer Hudson’s Bay and TheBay.com, recently 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.
Canada’s oldest company…
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Hudson’s Bay liquidation of all stores could start as soon as Tuesday CBC.ca
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Baghdad-INA
Minister of Finance Taif Sami affirmed on Monday the government’s commitment to adopting international best practices in public debt management, while noting Iraq’s aspiration to benefit from international expertise in this field.
The Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), that”Minister of Finance Taif Sami participated in the 14th International Debt Management Conference, organized by the United Nations Conference on Trade and Development (UNCTAD), held in Geneva from March 17 to 19, 2025.”
During the conference, Sami confirmed “the Ministry of Finance’s commitment to implementing the recommendations issued by the conference within the framework of…
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Hudson’s Bay future uncertain as judge holds off on liquidation plan decision CTV News
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In a statement released to correspondents in New York, the UN denounced the Houthis’ targeting of merchant and commercial vessels in the key waterway which includes the Suez Canal and reported attacks against military vessels.
The UN is concerned about the continued threats by the Houthis to resume their attacks targeting merchant and commercial vessels in the Red Sea, as well as about their reported attacks against military vessels in the area, calling for “full freedom of navigation.”
US strikes
“We reiterate our concern at the launching of multiple strikes on Houthi-controlled areas in Yemen by the United States in recent days,” the statement continued.
“According to the Houthis, the airstrikes over the weekend resulted…
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A full liquidation at Canada’s oldest company could begin as soon as Tuesday, and last for up to 12 weeks.
Lawyers for Hudson’s Bay were in court Monday seeking approval from a judge to begin the liquidation of all 80 stores, as it doesn’t have the necessary financing to keep operations going.
9,000 jobs are at risk, including 58 in Windsor.
Unifor Local 240 represents nine full-time and 49 part-time employees at the Devonshire Mall location.
Local 240 President Jodi Nesbitt says while they’ve seen the writing on the wall for quite some time, some employees are still trying to remain hopeful things can be turned around.
“We want to make sure that we’re preparing them for the worst case scenario, just out of experience,…
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On March 17, 2025, former Prime Minister Thaksin Shinawatra addressed the pressing issue of household debt during his talk at Pishnulok University, highlighting his vision for economic prosperity for all Thais. Thaksin proposed audacious ideas for alleviating the financial burdens faced by citizens, such as the government potentially purchasing public debts from the banking system.
“We will buy all the people’s debts and let the people repay without needing to pay the full amount,” Thaksin stated, emphasizing the need for innovative approaches to tackle Thailand’s growing household debt crisis. He explained how freeing citizens from their debt obligations could allow them to regain control over their financial…
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Forever 21 files for bankruptcy, plans US liquidation Inquirer.net
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