19 h. ago Hudson’s Bay fights back against lender that wants to terminate lease sales to Ruby Liu

Agreement will generate significant recoveries for the company, which is trying to return millions of dollars to its creditors

Other

20 h. ago Hudson’s Bay fights lender that wants B.C. billionaire Ruby Liu deal terminated: court docs

A new court filing from the defunct department store's chief financial officer pushes back on accusations it mishandled its liquidation and is hopelessly pursuing a deal to sell 25 of its leases.

Other

21 h. ago Hudson’s Bay fights lender that wants Ruby Liu deal terminated: court docs

TORONTO — Hudson’s Bay is firing back at one of its biggest lenders. A new court filing from the defunct department store’s chief financial officer pushes back on accusations it mishandled its liquidation and is hopelessly pursuing a deal to sell 25 of its leases. Michael Culhane says it’s neither fair nor credible for Hilco […]

Other

6 d. ago Hudson’s Bay lender fighting Ruby Liu deal, seeking ’super monitor:’ Docs

One of Hudson’s Bay’s biggest lenders is asking a court to stop the defunct retailer from selling up to 25 of its leases to a B.C. billionaire and appoint a “super monitor” to more speedily liquidate the remainder of its assets. A new court motion filed by investment manager Restore Capital LLC says the deal […]

Other

8 d. ago Labour groups, lawyers hope fall of Hudson’s Bay will spur change for workers

TORONTO — When Hudson’s Bay employees rallied in front of two of the iconic retailer’s properties in late May, days before the retailer closed its doors for good, they knew there was no hope of saving their jobs. Their goal instead was to encourage lawmakers to make the fall of the 355-year-old retailer — and […]

Society

1 week ago Why the demise of Canadian retail’s ‘middle class’ won’t end with Hudson’s Bay

Mid-market stores under pressure as shoppers increasingly gravitate to discount or luxury

Other

2 w. ago B.C. billionaire’s plan to take over Bay leases facing legal battle

A group of Hudson's Bay's landlords don't want to transfer dozens of leases to British Columbia billionaire Ruby Liu, but the department store still has a chance to get its way.

Events

2 w. ago Hudson’s Bay landlords don’t want Liu to move in, but retailer still has a shot

TORONTO — A group of Hudson’s Bay’s landlords don’t want to transfer more than two dozen leases to British Columbia billionaire Ruby Liu, but the department store still has a chance to get its way. The Bay, which filed for creditor protection in March, ran a process over the last several months to find buyers […]

Other

2 w. ago B.C. mall owner lays out plan for Bay leases. Landlords are unconvinced

A B.C. billionaire hoping to launch a new department store chain in former Hudson’s Bay and Saks Canada spaces estimates she can have at least 20 locations up and running within 180 days of signing leases, but landlords aren’t on board with her plan. The timeline is one of many highlights in a package prepared […]

Other

3 w. ago Hudson’s Bay receives approval for sale of three leases to B.C. mall owner Ruby Liu

Liu wants to use the properties to open a chain of modernized department stores she will name after herself

Other

3 w. ago B.C. mall owner’s push to buy 25 Hudson’s Bay leases faces landlord opposition: Docs

An agreement Hudson’s Bay signed to sell about two dozen leases to a B.C. entrepreneur has encountered a major barrier, new court filings show: landlords who own the properties are overwhelmingly opposed to her moving in.  The Thursday filing is from Alvarez & Marsal Canada Inc., a court monitor appointed to help the Bay through […]

Politics

3 w. ago Retailers are in trouble and there’s more to come, experts say

The fall of Hudson’s Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company’s demise is part of a now-annual pitter-patter they expect to continue. Since the COVID-19 pandemic, they’ve seen hundreds of retail businesses […]

Other

3 w. ago Retailers are in trouble and there’s more to come: insolvency, restructuring experts

The fall of Hudson’s Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company’s demise is part of a now-annual pitter-patter they expect to continue. Since the COVID-19 pandemic, they’ve seen hundreds of retail businesses […]

Other

3 w. ago Time capsule inside St. Albert Hudson’s Bay store donated to local museum

The time capsule contained an array of memories from the 1990s — staff names, pictures from The Bay's 325th anniversary, a catalogue, local newspaper, along a CD and cassettes.

Other

3 w. ago B.C. mall owner offers $6 million for three Hudson’s Bay leases: court documents

The deal would be separate from a bid made for up to 25 other leases held by the Bay and sister companies Saks Fifth Avenue and Saks Off Fifth

Economics