3 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

3 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

3 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

4 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

4 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

4 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

5 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

5 d. ago Hudson’s Bay likely to find lots of 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. Court-approved processes meant to uncover companies that want the Bay’s most prized possessions are expected to get underway this month — and experts expect there will […]

Other

9 d. ago Hudson’s Bay hopes to save six stores, begin liquidation process Monday

TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open. Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday. The six stores being […]

Other

1 week ago Hudson’s Bay shoppers scramble for striped products as company seeks liquidation

TORONTO — Hudson’s Bay’s signature blankets and other striped merchandise are flying off the shelves as Canadians scramble to pick up a piece of the storied retailer seeking permission to liquidate. Shoppers at the company’s Toronto flagship store Wednesday before the lunch rush, hunted for any product bearing the brand’s distinctive markings that were left […]

Economics

1 week ago Hudson’s Bay due back in court today as it continues to seek permission to liquidate

TORONTO — Hudson’s Bay will return to court today, where it’s been seeking permission to liquidate all of its stores as it faces financial troubles. Ontario Superior Court judge Peter Osborne said in a filing made late Tuesday that he will continue to hear motions related to the beleaguered department store that filed for creditor […]

Society

1 week 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

1 week ago As Hudson’s Bay seeks financing, store liquidation could begin Tuesday

Liquidation would span 80 stores as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada

Other

2 w. 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

2 w. ago Hudson’s Bay suffered ’slow death’ from lack of store investment and underlying issues: experts

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

Events

2 w. 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

3 w. 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

3 w. 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