61 h. 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

64 h. ago CRIME SCENE: Man, 32, accused of exposing himself repeatedly in Clarington

A 32-year-old man is accused of exposing himself in public on numerous occasions in Clarington. Durham Regional Police say officers responded to a Metro grocery store at 243 King St. E., in Bowmanville, on March 2 and arrested a man for allegedly walking around the store with his genitals exposed. Further investigation revealed that the […]

Events

3 d. 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

3 d. 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

3 d. 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

4 d. 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

4 d. 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

4 d. 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

4 d. 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

5 d. 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

6 d. ago International Petroleum Corporation Announces Results of Normal Course Issuer Bid

TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 206,940 IPC common shares (ISIN: CA46016U1084) during the period of April 1 to 4, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s […]

Society

6 d. 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

7 d. 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

1 week ago Letters April 2, 2025: ‘Once again the little guy, Bay employees, are getting a bad deal.’

LITTLE GUY GETS SHAFTED AGAIN It’s sad that Hudson’s Bay, with a history of more than 350 years, is closing. We’re hearing that there will be no severance pay for the employees losing their jobs but, lo and behold, there’s a plan to give “retention bonuses” to upper management so that they don’t look elsewhere […]

Other

1 week ago Primaris REIT Announces $60 Million Disposition; HBC, NCIB, & Financing Updates

TORONTO — Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced today significant progress on its disposition program that supports its capital recycling objectives, and provided additional commentary on its Hudson’s Bay Company (“HBC”) tenancy. Disposition On March 31, 2025, Primaris closed on the sale of St. Albert Centre in St. Albert, […]

Economics

1 week 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

1 week 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

1 week 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

1 week ago International Petroleum Corporation Announces Results of Normal Course Issuer Bid and Updated Share Capital

TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 199,956 IPC common shares (ISIN: CA46016U1084) during the period of March 24 to 31, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s […]

Society

1 week 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