17 h. 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

62 h. ago Here are the discounts Canadians can get at Hudson's Bay liquidation sale

The Hudson's Bay Company (HBC) liquidation sale is now underway.North America's oldest retailer officially announced that it would shutter all but six Canadian locations last week.It received approval from the Ontario Superior Court of Justice to run liquidation sales from March 24 to June 15."The sales offer customers a chance to find great deals from this historic retailer that has endured for generations," reads a statement from HBC.If you haven't had a chance to check out the Hudson's Bay liquidation sale, here's a look at just how much you can save.There are 73 Hudson's Bay stores participating in the sale, in addition to two Saks Fifth Avenues and 13 Saks Off 5th stores in Canada.HBC discounts range from 15 per cent to 40 per cent off the lowest ticketed prices across the store.Canadians looking for deals at Saks Fifth Avenue and Saks Off 5th will get 15 per cent discounts off the lowest ticketed price across the store.Megan Devlin/Daily Hive"While all merchandise is being sol...

Other

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 Hudson's Bay restructuring meeting interrupted by the most embarrassing thing

A court hearing over Hudson’s Bay's last-ditch restructuring plans quickly ended up getting NSFW.As reported by The Star, the public Zoom call for the Wednesday hearing was interrupted within the first hour by multiple windows containing pornographic videos.It took about 15 seconds for the videos to be removed. Ontario Superior Court Justice Peter Osborne then ordered the Zoom link to be closed off to anyone who wasn’t one of the parties involved with the proceeding. It’s unclear who started the porn playback.Even without the porn videos, though, Hudson’s Bay has been in a really sticky situation. Earlier this month, the company began liquidating all but six of its stores after filing for creditor protection over being nearly $1 billion in debt.The company is proposing a restructuring plan that keeps the six remaining stores thanks to senior secured lenders Bank of America, Pathlight Capital and Restore Capital. However, Hudson's ...

Other

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

9 d. ago Hudson’s Bay gets court approval to start liquidating Monday at all but six stores

The closure of HBC's stores could impact 9,360 employees and could “drastically” alter the dynamics of malls nationally

Culture

9 d. ago Hudson’s Bay to liquidate all but six stores starting Monday — none of them in Ottawa

Stores slated for closure included the four in Ottawa and one in Gatineau.

Culture

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

9 d. ago Hudson’s Bay hopes to keep 6 stores open, begin liquidation in days

Canada's oldest company is back in court Friday to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday. 

Other

9 d. ago Hudson’s Bay heads back to court where it’s been asking for liquidation permission

The company said liquidation is necessary because it doesn't have the funding needed to keep the stores alive

Society

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 still waiting for court order as it looks to start liquidating its stores

Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce

Culture

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 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