Hudson's Bay to liquidate entire business

Hudson's Bay to liquidate entire business, still seeking additional capital
Despite holding out hope it can avoid a full shutdown, Hudson's Bay says it is planning an "immediate" liquidation that would begin next week and wrap up in June. In a late Friday announcement, Canada's oldest company said it couldn't secure the necessary financing to keep at least some of its empire alive.
Hudson's Bay says it will liquidate entire business if no financing can be secured
A closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.
Hudson’s Bay Faces Closure as Liquidation Looms
Hudson’s Bay may shutter permanently as it fails to secure restructuring funds. Liquidation sales could begin next week, marking the end of Canada’s last department store.
Hudson’s Bay plans ‘immediate’ liquidation of entire business
Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. The company said it remains optimistic it can drum up capital and find a solution with key stakeholders,
Canadian Press NewsAlert: Hudson's Bay to liquidate entire business
Canada's oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward.
Court documents reveal Hudson’s Bay owes $950 million to landlords, fashion brands, banks and government
Court documents show that Hudson’s Bay owes $950 million to nearly 1,900 creditors — including landlords, fashion brands, ...
Hudson's Bay owes almost $1M on Island; mall operator biggest creditor
The department store owes just over $860,000 to Central Walk, which owns Woodgrove Mall in Nanaimo and Mayfair Mall in ...
ABC News7d
Hudson's Bay seeks creditor protection, plans to restructure business
Hudson’s Bay, has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 announced the move Friday evening, saying it has ...
Stikeman Elliott Leading Restructuring Fight for Storied Canadian Retailer Hudson’s Bay Co.
Led by Stikeman partners Ashley Taylor and Maria Konyukhova, the restructuring of Canada’s oldest company, which was ...
London Free Press2d
Hudson's Bay anchors London's two major malls. Can the stores survive?
While the company has not commented on any potential closures, including London’s two anchor-tenant locations at White Oaks ...
blogTO4d
Hudson's Bay crisis made clear in creditor protection filing by Canada's oldest company
If you stepped into Hudson Bay's flagship store in downtown Vancouver this week, you would have found all elevators and ...
KNAU Arizona Public Radio5d
Canada's Hudson's Bay has survived 355 years. Now the store is in crisis
Osborne of the Ontario Superior Court of Justice. "Hudson's Bay is the oldest company in North America and a very ...
The Gazette on MSN5d
Hudson's Bay looking at closing half its stores amid restructuring: source
The restructuring process Hudson's Bay kicked off Friday will likely see Canada's oldest company shrink as it works to stay ...