5 h. ago Vacant Hudson’s Bay stores could spark interest — if landlords are willing to get creative

Apartments, health centres and even pickleball courts may be coming to your local mall after Hudson's Bay departs. 

Other

9 h. ago Vacant Bay stores could spark interest — if landlords are willing to get creative

TORONTO — Apartments, health centres and even pickleball courts may be coming to your local mall after Hudson’s Bay departs. Retail and real estate experts say the closure of most of the 355-year-old company’s department stores offers a chance to reimagine the country’s most sought-after and high-traffic spaces in malls. “I think it’s a massive […]

Other

24 h. ago Ontario Hudson's Bay locations that were to remain open might have to close

An Ontario judge's recent decision has raised doubts over the fate of Hudson's Bay stores in the province, including those that were set to remain open, and increases the chance that lenders might seek to push the company into receivership.Justice Peter Osborne of the Superior Court of Justice has rejected a restructuring agreement proposed by the department store’s major lenders, signaling the potential for even further financial turmoil.On Saturday, Justice Osborne issued a written ruling stating that the proposed restructuring plan was "neither necessary nor appropriate at this time." The plan had been put forward in an effort to maximize liquidation proceeds and recover some of the millions owed to Hudson's Bay's senior lenders — Bank of America, Pathlight Capital, and Restore Capital — while also providing room for the company to restructure.During a Thursday hearing, lawyers for landlords opposed the restructuring agreement that was initiated by the...

Other

49 h. ago Court refuses Hudson’s Bay restructuring plan to empower lender in creditor protection case

Court-appointed monitor is sufficient to balance the lenders' rights with those of other stakeholders, judge rules

Economics

64 h. ago Judge rejects Hudson’s Bay proposal in creditor protection case

TORONTO — An Ontario judge has rejected a Hudson’s Bay restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Ontario Superior Court judge Peter Osborne said he declined to approve the agreement because it is “neither necessary nor appropriate at this time.” The […]

Economics

64 h. ago Not a 'satisfying outcome': Hudson’s Bay proposal in creditor protection case rejected by judge

The agreement would have given the embattled department store an April deadline to rescue its remaining stores

Economics

3 d. ago This Week in History, 1926: A 'modern' Hudson's Bay replaces an 1893 building

Hudson’s Bay Company started off in Gastown before moving to Granville and Georgia

Other

3 d. ago Here are the discounts Canadians can get at Hudson's Bay liquidation sale

The Hudson's Bay Company (HBC) liquidation sale is now underway.North America's oldest retailer officially announced that it would shutter all but six Canadian locations last week.It received approval from the Ontario Superior Court of Justice to run liquidation sales from March 24 to June 15."The sales offer customers a chance to find great deals from this historic retailer that has endured for generations," reads a statement from HBC.If you haven't had a chance to check out the Hudson's Bay liquidation sale, here's a look at just how much you can save.There are 73 Hudson's Bay stores participating in the sale, in addition to two Saks Fifth Avenues and 13 Saks Off 5th stores in Canada.HBC discounts range from 15 per cent to 40 per cent off the lowest ticketed prices across the store.Canadians looking for deals at Saks Fifth Avenue and Saks Off 5th will get 15 per cent discounts off the lowest ticketed price across the store.Megan Devlin/Daily Hive"While all merchandise is being sol...

Other

3 d. ago Hudson’s Bay liquidation sales don’t apply to all products. Which ones?

Hudson's Bay, Canada’s oldest company, is liquidating all but six of its stores after it filed for creditor protection earlier this month.

Other

4 d. ago Hudson’s Bay awaits timeline for saving remaining six stores rescued from liquidation

TORONTO — Canada’s oldest company, Hudson’s Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a […]

Events

4 d. ago Hudson's Bay restructuring meeting interrupted by the most embarrassing thing

A court hearing over Hudson’s Bay's last-ditch restructuring plans quickly ended up getting NSFW.As reported by The Star, the public Zoom call for the Wednesday hearing was interrupted within the first hour by multiple windows containing pornographic videos.It took about 15 seconds for the videos to be removed. Ontario Superior Court Justice Peter Osborne then ordered the Zoom link to be closed off to anyone who wasn’t one of the parties involved with the proceeding. It’s unclear who started the porn playback.Even without the porn videos, though, Hudson’s Bay has been in a really sticky situation. Earlier this month, the company began liquidating all but six of its stores after filing for creditor protection over being nearly $1 billion in debt.The company is proposing a restructuring plan that keeps the six remaining stores thanks to senior secured lenders Bank of America, Pathlight Capital and Restore Capital. However, Hudson's ...

Other

5 d. ago Lender open to giving the Bay more time to save remaining stores from liquidation

TORONTO — One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six six stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising a deadline […]

Other

5 d. ago Cadillac Fairview opposes agreement giving Hudson’s Bay little time to save stores

TORONTO — Cadillac Fairview has come out against Hudson’s Bay’s push to get a court to approve an agreement giving the retailer less than two weeks to save six stores it has so far spared from liquidation. At the Ontario Superior Court, the mall owner, which is the landlord for 16 of the department stores, […]

Other

5 d. ago Letters to The Sun: HBC building is ideal new home for Vancouver Art Gallery

Re: Vancouver Art Gallery aiming for small, simple, cost-conscious new building With the abandonment of the Herzog & de Meuron plan for a future Vancouver Art Gallery on the old bus depot site, a less-costly alternative needs to be explored. With the current liquidation of Hudson’s Bay, retention of its downtown heritage building would present […]

Culture

6 d. ago Hudson’s Bay seeks court agreement that offers little time to save six stores

TORONTO — Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a short timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8, if it hasn’t found […]

Other

6 d. ago Hudson’s Bay wants court to OK agreement that offers little time to save six stores

Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a short timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8, if it hasn’t found a likely […]

Other

6 d. ago Hudson’s Bay wants court to O.K. agreement that gives little time to save six stores

TORONTO — Hudson’s Bay is asking an Ontario court to approve a restructuring agreement that will give it a short timeline to save the six stores it recently spared from liquidation. Lawyers for the ailing department store want permission to move forward with an agreement it struck with lenders that will force it to start […]

Other

6 d. ago Shoppers bid farewell to Dartmouth Hudson’s Bay store as liquidation sale begins

Shoppers arrived early for the official start of liquidation at the Hudson's Bay in Dartmouth, N.S. on Tuesday. 

Culture

6 d. ago Hudson’s Bay is liquidating most of its stores. Here’s what you need to know

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 […]

Other

7 d. ago Hudson’s Bay likely to find buyers for assets like leases, stripes: experts

As Hudson’s Bay continues to seek ways to stabilize and restructure what little will soon be left of its ailing business, it’s opening itself up to selling its assets.

Other