38 h. ago Hudson’s Bay plans to liquidate. Here are key takeaways from Monday’s court hearing

TORONTO — Hudson’s Bay was in court Monday, seeking approval to begin a full liquidation even as it fights to stay alive. After arguments went on hours longer than expected, judge Peter Osborne said he needed time to review the case and would rule later on the liquidation plan. Here are some key takeaways from […]

Other

48 h. ago Hudson's Bay liquidation may begin soon as Canada's oldest company collapses

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will significantly reshape Canada's commercial retail real estate market and result in major job losses.In an announcement on Friday night, the Canadian department store retailer announced a "store-by-store liquidation process" will begin as soon as this week.On Friday, March 14, 2025, the company filed additional documents with the Ontario Superior Court of Justice indicating that it has only secured limited debtor-in-possession financing, which now necessitates the "full liquidation of the entire business.""Assuming receipt of a Court order on Monday at the 'comeback motion,' store liquidations will begin next week," reads the news release last Friday.According to the latest court documents, Hudson's Bay intends to conclude its liquidation process by no later than June 15, 2025, at which point its store locations would also close.During the...

Economics

3 d. ago Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts

TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s retail landscape, as Canada’s oldest company prepares to wind down in the coming months unless it can find a last-minute solution. Retail experts attribute a combination of missteps that led to Friday night’s announcement from Hudson’s Bay, which […]

Events

3 d. ago Hudson’s Bay to liquidate entire business as it continues to seek additional capital

Company said it remains optimistic it can drum up financing and find a solution with key stakeholders to avoid full shutdown

Economics

3 d. ago Hudson’s Bay plans ‘immediate’ liquidation of entire business

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.

Economics

4 d. ago Hudson’s Bay to liquidate entire business, still seeking additional capital

TORONTO — The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and […]

Economics

1 week ago Hudson’s Bay seeks creditor protection, plans to restructure business

TORONTO — Canada’s oldest retailer, 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 been facing “significant” pressures, including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic drops in downtown […]

Economics

1 week ago Hudson’s Bay seeks creditor protection, plans restructuring amid pressures

The company says it has been facing significant pressures, including subdued consumer spending, U.S. trade tensions and post-pandemic drops in downtown store traffic.

Economics