17 h. ago Hudson Bay gets court approval to extend creditor protection to July 31

Gives Canada’s oldest department store more time to pay back what it owes

Economics

29 h. ago Hudson’s Bay expected back in court to extend creditor protection

TORONTO — Hudson’s Bay is due to return to an Ontario court today for the first time in roughly two weeks to seek a reprieve from the hundreds of businesses it owes money. The department store is expected to use the Tuesday morning appearance to ask Judge Peter Osborne to stretch the period of time […]

Economics

6 d. ago Hudson’s Bay insiders not bidding on business, assets or leases: court documents

A new court filing says several bids have been received for Hudson’s Bay assets, but no offers have come from company insiders. An affidavit from Jennifer Bewley, chief financial officer of the retailer’s parent company, indicates no insiders submitted a bid for the business or its assets by the April 30 deadline. The Bankruptcy and […]

Economics

8 d. ago Court appoints law firm to represent Hudson’s Bay workers, retirees

TORONTO — An Ontario judge has decided which law firm will represent employees in the Hudson’s Bay creditor protection case. An endorsement filed by judge Peter Osborne on Monday named Ursel Phillips Fellows Hopkinson LLP as representative counsel to the faltering department store’s more than 9,000 employees and 3,000 retirees. The decision puts an end […]

Society

2 w. ago Bay workers may not see money in creditor protection case: lawyer

TORONTO — A court appearance from Hudson’s Bay is raising doubts over how much money the faltering retailer will have left for employees after liquidation. The Superior Court of Justice heard arguments Thursday about which law firm should represent the retailer’s past and present employees during proceedings in the retailer’s creditor protection case, before appointing […]

Society

2 w. ago Grand chief requests halt to auction of Hudson’s Bay items linked to First Nations

As Hudson’s Bay heads to court seeking permission to auction off 1,700 pieces of art and more than 2,700 artifacts, the Assembly of Manitoba Chiefs is requesting a halt to the sale of items that may be belong to or be linked with First Nations people. A letter by assembly Grand Chief Kyra Wilson to […]

Other

2 w. ago Over a dozen interested parties eyeing leases of 65 Hudson's Bay store locations

As the Hudson's Bay Company era nears its end, many of its soon-to-be vacated spaces may find new life with different tenants, with decisions on many sites expected in the weeks ahead.By Summer 2025, all 96 of the company's brick-and-mortar stores will close following a liquidation process that first began last month — including six locations that had previously been spared, such as the downtown Toronto and downtown Montreal flagship stores, but are now slated for closure as of a new court filing this week.From the outset of the court-approved liquidation process last month, Hudson's Bay engaged commercial real estate firm Oberfield Snowcap to market and sell its leases and properties, as a measure to generate additional operating revenue. This has been aptly named as the "Lease Monetization Process."Final bids for leases due on May 1According to a court filing earlier this week, as a part of the ongoing federal Companies' Creditor...

Culture

2 w. ago Hudson’s Bay to ask court to allow auction of charter, art and artifacts

The department store company filed a notice of motion asking to separate the charter along with 1,700 pieces of art and more than 2,700 artifacts from an ongoing sales process.

Culture

2 w. ago Hudson’s Bay to seek court permission to auction off charter, art and artifacts

TORONTO — Hudson’s Bay is expected to seek court permission today to auction off its art, artifacts and the 355-year-old royal charter that launched the company, which announced Wednesday it will liquidate all its remaining stores. The department store company, which is Canada’s oldest business, filed a notice of motion last week asking to separate […]

Society

2 w. ago Hudson’s Bay will liquidate last 6 remaining stores, court filing says

If a bid for the remaining stores is received that keeps them alive, Hudson's Bay retains the right to remove them from the liquidation process.

Other

2 w. ago Hudson’s Bay to liquidate all remaining stores, court filing says

A new court filing says Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation.  Adam Zalev, managing director of Hudson’s Bay’s financial adviser Reflect Advisors, says in an affidavit that Canada’s oldest company is making the move because there is a “low probability” that it will […]

Other

3 w. ago Hudson’s Bay sees interest in 65 of its leases: Court documents

A process to find takers for leases held by Hudson’s Bay has generated plenty of interest. A new court filing made in the company’s creditor protection case says 18 unnamed parties submitted letters of intent expressing interest in a total of 65 leases. The filing says some of those letters were submitted by landlords and […]

Other

3 w. ago HBC wants to hold ab auction for its art and artifacts, including its royal charter

TORONTO — Hudson’s Bay will seek court approval to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts. The collapsing department store chain known as Canada’s oldest company said it’s applying to the Ontario Superior Court of Justice to sell […]

Culture