8 h. 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

14 h. ago Hudson’s Bay ends some workers’ commission pay amid liquidation: Unifor

The move comes as Hudson's Bay winds down all but six of the stores it and its sister Saks companies run as its restructuring under court protection from creditors continues.

Society

21 h. ago Hudson’s Bay closures leave brands in search of new home for selling inventory

Yair Altman is about to have a lot of extra pillows on hand. His Montreal-based company SmartSilk has been selling bedding to Hudson’s Bay since about 2010, but with the department store closing all but six of its stores by mid-June, Altman has to find a solution for his Bay-bound merchandise. “It creates a bit […]

Economics

40 h. ago Canadian history to go on the block as Hudson’s Bay unwinds its empire

Troubled retailer seeks to create 'hardship fund' for employees and auction off artifacts including Royal Charter of 1670

Other

5 d. 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

5 d. ago Hudson's Bay location in Ontario would be torn down for huge 11

An Ontario mall anchored by a recently shuttered Hudson's Bay location will be totally demolished to make way for an enormous new community with 11 towers.Pre-application plans revealed in April highlight plans to redevelop a portion of the Burlington Centre mall lands at 777 Guelph Line, just the latest in a series of planned and active mall redevelopments reshaping the region's retail landscape.A numbered corporation has submitted plans that would see the mall's former Hudson's Bay location and an Active Green + Ross service centre razed and replaced by a collection of high-rise towers centred around a new public park.Google Street ViewThe Turner Fleischer Architects-designed community would create its own localized skyline on the north side of Prospect Street at Dynes Road, with the proposed buildings ranging in height from 23 up to 37 storeys.A whopping 3,476 residential units are planned across the site, along with almost 7,280 square metres of new retail space.Concept plans in...

Other

5 d. ago HBC wants to hold auction for its art and artifacts including its royal charter

Hudson’s Bay Co. wants to hold a dedicated art auction for the sale of its most historically significant art and artifacts including its royal charter as part of its restructuring under court protection from creditors. The retailer says, subject to court approval, it wants to hold the auction apart from the broader sale and investment […]

Culture

6 d. ago Hudson’s Bay Company to Launch Separate Auction for Art and Historical Artifacts

Auction aims to involve participants committed to ensuring the Company’s most significant art and artifacts remain preserved for the benefit of future generations TORONTO — Hudson’s Bay Company ULC (Hudson’s Bay or the Company), as part of its ongoing restructuring under the Companies’ Creditors Arrangement Act (CCAA), today announced that subject to court approval, it […]

Economics

7 d. ago Manitoba premier touts increased trade with Europe, possible second Hudson Bay port

'What Manitoba brings to the table is low-carbon electricity, tidewater and a government serious about working with Indigenous nations'

Economics

1 week ago Hudson’s Bay sale now using protocol designed to handle insider bid: document

A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases. The “Insider Protocol” document sent to lawyers Thursday and obtained by The Canadian Press describes how processes meant to help the ailing retailer find […]

Other

1 week ago Nanaimo shopping centre for sale after billionaire owner announced intention to buy Hudson's Bay stores

The listing for Nanaimo’s Woodgrove Centre was posted by Colliers International on Tuesday, a little more than a week after the mall’s billionaire owner, Weihong Liu, announced on social media her intention to buy “dozens” of Hudson’s Bay stores.

Other

1 week ago Why Simons and Holt Renfrew are unlikely to want all of Hudson’s Bay’s real estate

TORONTO — When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of Canada’s last standing department stores: La Maison Simons and Holt Renfrew. Because their size and product mix resemble the Bay’s at first glance, the rivals might have seemed like […]

Other

1 week ago Today's Letters: Hudson's Bay Company's history more than just a memory

Thursday, April 10: The closing of this historic chain prompts readers to share a few experiences with The Bay. You can write to us too, at letters@ottawacitizen.com

Economics

1 week ago Chinese billionaire in B.C. wants to buy Hudson’s Bay after she saw ‘Canadians feeling sad’

Weihong Liu is the board chairwoman of Central Walk, a retail investment company that owns three shopping centres in B.C.

Other

1 week ago Owner of three shopping malls in B.C. says she wants to buy Hudson’s Bay

A Chinese billionaire in British Columbia has taken to social media to announce her plans to buy dozens of Hudson’s Bay locations after she saw “Canadians feeling sad” over the collapse of the retail giant. Entrepreneur Weihong Liu is the board chairwoman of Central Walk, a retail investment company that owns three shopping centres in […]

Other

2 w. ago Chinese billionaire in B.C. says she wants to buy Hudson’s Bay

A Chinese billionaire in B.C. has announced plans to buy dozens of Hudson's Bay locations after she saw "Canadians feeling sad" over the collapse of the retail giant. 

Other

2 w. ago Hudson's Bay announces huge warehouse sale in Toronto amid liquidation

Hudson's Bay has just announced a major warehouse sale, the likes of which we've rarely seen, while liquidation continues at the majority of its stores in Canada.It's been a tough go for Canada's oldest company, as Hudson's Bay filed for creditor protection last month, sending the majority of its locations across the country into liquidation, slated to close in the coming months.Fortunately for consumers, business struggles for them can also mean major savings for us, and, in their latest move, The Bay is announcing major price cutbacks at their warehouse.While regularly, shoppers can expect to find discounts of up to 30 per cent off Hudson's Bay products at their Etobicoke warehouse, this sale is ramping things way up, with discounts of up to 60 per cent off everything.When I say everything, I really do mean everything. You'll be able to score 60 per cent off furniture and 50 per cent off patio furniture, on top of discounts on kitchenware, apparel, decor, handbags and ev...

Other

2 w. ago B.C. billionaire says she wants to acquire 'dozens' of Hudson’s Bay stores

Weihong Liu is chair of Central Walk, which owns the massive Tsawwassen Mills mall, Mayfair shopping centre in Victoria and Woodgrove Centre in Nanaimo

Other

2 w. ago CEO and other Hudson’s Bay insiders face deadline to express interest in assets

Everything from leases to the rights to the company's famed Stripes brand and even its art collection may be up for grabs

Events

2 w. ago Deadline nearing for Hudson’s Bay insiders to declare interest in assets

TORONTO — Hudson’s Bay insiders, including its head honcho Richard Baker, have until the end of Monday to declare whether they’re interested in making a bid for any of the ailing company’s assets or leases. Twin processes underway to uncover interest in the company’s physical and intellectual property force the department store’s parent company, its […]

Events