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Hudson’s Bay has received 17 bids in the sales process in which its leases, intellectual property and real estate are up for grabs, according to a court document filed on Friday. In a separate ...
Initially, Hudson's Bay was liquidating all but six of the 80 locations it has under its Hudson’s Bay banner, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that ...
Canada's oldest company is making the move because "it is unlikely" that it will find a buyer for the remaining locations, Adam Zalev, managing director of Hudson's Bay's financial adviser Reflect ...
Hudson’s Bay Co. ULC has received several bids for its 355-year-old business, leases and assets as part of its restructuring process, but none came from members related to the company, according to ...
Hudson's Bay -- Canada's oldest company -- will close its last six stores that were spared in an initial cull, with merchandise sold off starting Friday, according to a court filing. The ...
The deadline for these submissions is April 30th. The Hudson’s Bay and Saks Fifth Avenue stores in Canada are expected to operate no later than June 15, 2025, however, some may close earlier.
Those locations join 73 other Hudson’s Bay stores, 13 Saks Off 5th stores and two Saks Fifth Avenue stores in dissolving under Canada’s bankruptcy laws. The Hudson’s Bay and Saks Fifth ...
Canada’s largest private sector union says Hudson’s Bay has ended commission pay for workers as the company liquidates most of its stores. Unifor says its members were informed that ...
Hudson's Bay has begun liquidating all of its stores after the company filed for creditor protection in March. Here’s how the process is unfolding so far: Which stores are part of the liquidation?