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The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses

Hudson's Bay is liquidating, owing over $950 million to creditors. Employees, many long-term, face uncertainty and potential job loss, with concerns about severance and the future. Small businesses within HBC stores are also worried about payments.

Reality setting in for workers who thought Hudson’s Bay would never close

The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses

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