46 m. ago Grand chief requests halt to auction of Hudson’s Bay items linked to First Nations

As Hudson’s Bay heads to court seeking permission to auction off 1,700 pieces of art and more than 2,700 artifacts, the Assembly of Manitoba Chiefs is requesting a halt to the sale of items that may be belong to or be linked with First Nations people. A letter by assembly Grand Chief Kyra Wilson to […]

Other

5 h. ago Over a dozen interested parties eyeing leases of 65 Hudson's Bay store locations

As the Hudson's Bay Company era nears its end, many of its soon-to-be vacated spaces may find new life with different tenants, with decisions on many sites expected in the weeks ahead.By Summer 2025, all 96 of the company's brick-and-mortar stores will close following a liquidation process that first began last month — including six locations that had previously been spared, such as the downtown Toronto and downtown Montreal flagship stores, but are now slated for closure as of a new court filing this week.From the outset of the court-approved liquidation process last month, Hudson's Bay engaged commercial real estate firm Oberfield Snowcap to market and sell its leases and properties, as a measure to generate additional operating revenue. This has been aptly named as the "Lease Monetization Process."Final bids for leases due on May 1According to a court filing earlier this week, as a part of the ongoing federal Companies' Creditor...

Culture

5 h. ago Hudson's Bay to close remaining Ontario stores initially believed to be spared

The six Hudson's Bay department stores in Ontario and Quebec that were spared from closure have found their reprieve to be only temporary.Hopes for retaining these locations to potentially continue a seamless, downsized existence of the iconic Canadian retailer, which was first founded 354 years ago as a fur trading business, have now faded.This, it seems, is where the curtain finally falls on an era of a storied company.In a new court filing that has yet to be published at the time of writing, the six store locations added to the liquidation and imminent closure list now include the heritage downtown Toronto flagship store at 176 Yonge St., the Yorkdale Shopping Centre store in Toronto, and the Hillcrest Mall in Richmond Hill, Ontario.In Quebec, the remaining locations that will close include the heritage downtown Montreal flagship store at 585 Saint-Catherine St. W., CF Carrefour Laval mall, and CF Fairview Pointe-Claire mall.Liquidation at these six remaining locations will b...

Other

5 h. ago Hudson’s Bay to ask court to allow auction of charter, art and artifacts

The department store company filed a notice of motion asking to separate the charter along with 1,700 pieces of art and more than 2,700 artifacts from an ongoing sales process.

Culture

9 h. ago Hudson’s Bay to seek court permission to auction off charter, art and artifacts

TORONTO — Hudson’s Bay is expected to seek court permission today to auction off its art, artifacts and the 355-year-old royal charter that launched the company, which announced Wednesday it will liquidate all its remaining stores. The department store company, which is Canada’s oldest business, filed a notice of motion last week asking to separate […]

Society

19 h. ago Hudson’s Bay to liquidate remaining stores as hope of finding a buyer fades

TORONTO — Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation, effectively ending the retail empire’s reign and significantly dimming the possibility that the business dating back to 1670 will stay alive. Canada’s oldest company is making the move because “it is unlikely” that it will […]

Other

20 h. ago Hudson’s Bay will liquidate last 6 remaining stores, court filing says

If a bid for the remaining stores is received that keeps them alive, Hudson's Bay retains the right to remove them from the liquidation process.

Other

20 h. ago Hudson’s Bay to liquidate all remaining stores, court filing says

A new court filing says Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation.  Adam Zalev, managing director of Hudson’s Bay’s financial adviser Reflect Advisors, says in an affidavit that Canada’s oldest company is making the move because there is a “low probability” that it will […]

Other

28 h. ago ‘Vestige of their memory’: Hudson’s Bay war memorials need to be saved, lawyer says

A Toronto lawyer says he wants displays commemorating Bay and Simpsons workers who died in the Second World War at two stores to be saved.

Other

31 h. ago Colby Cosh: The expensive business of buying the Hudson’s Bay Company charter

Bankruptcy will likely push the company to auction off its 1670 charter in a matter of weeks, and it could fetch a price in the millions

Economics

33 h. ago Lawyer wants to save war memorials at Hudson’s Bay stores in Toronto, Calgary

TORONTO — A Toronto lawyer is hoping to find a way to preserve war memorials at two Hudson’s Bay stores. E. Patrick Shea, who also sits on the senate of the 48th Highlanders of Canada and is the RCAF Foundation’s secretary, said he wants the displays commemorating Bay and Simpsons workers who died in the […]

Other

44 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

50 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

57 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

3 d. 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

7 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

7 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

7 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

7 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

8 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