TORONTO — Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. In a late Friday ...
The Hudson’s Bay Company (HBC) filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) last week. The move follows a steep 30% decline in sales over the past 12 months and ...
TORONTO - The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source familiar with the matter ...
In what could be the first Trump tariff casualty, the oldest retail chain across North America, Hudson’s Bay Company, has filed for creditor protection. The Canadian department store retailer ...
“While very difficult, this is a necessary step to strengthen our foundation and ensure that we remain a significant part of Canada’s retail landscape,” Liz Rodbell, Hudson’s Bay’s chief executive ...
Hudson’s Bay is in a financial crisis and has been granted court protection from its creditors, as it seeks to restructure the business. Now, Canadians holding gift cards and loyalty points from ...
The retailer, which operates 80 Hudson’s Bay, three Saks Fifth Avenue and 13 Saks Off 5th stores in Canada, faces “an urgent liquidity crisis,” with liabilities above the threshold for ...
Copyright 2025 The Associated Press. All Rights Reserved. Share TORONTO (AP) — Canada’s oldest retailer, Hudson’s Bay, has filed for creditor protection and ...
Hudson’s Bay, the Canadian department store chain founded in 1670, is preparing for a bankruptcy filing within days, people familiar with the matter said. The chain became a stand-alone ...
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