Hudson, Bay and the liquidation process

Canada’s Hudson’s Bay Forced to Liquidate Unless Last-Minute Financing Can Be Found
North America's oldest corporation has struggled through decades of roller coaster business trends, management changes and repositionings.
Hudson’s Bay full liquidation may begin this week as store closures loom
Ahead of location closures, the full liquidation of Hudson's Bay stores across Canada could begin as soon as this week.
Hudson’s Bay suffered ’slow death’ from lack of store investment and underlying issues: experts
Hudson’s Bay laid the groundwork for its creditor protection case when it spun its U.S. Saks locations off into a separate entity last year after it purchased luxury department stores Neiman Marcus and Bergdorf Goodman, essentially saving them from the impending closures now set to engulf HBC in Canada.
Hudson’s Bay Faces Liquidation as JLL Manages Lease Sales
Hudson’s Bay is set for liquidation as JLL oversees lease sales, with stores closing by June 2025. The retailer’s future remains uncertain amid bankruptcy.
Hudson's Bay says it will liquidate entire business if no financing can be secured
A closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.
A run on famous blankets as Hudson's Bay says it might close all stores
Point blankets were used by European settlers and explorers to barter for furs with Indigenous peoples in today’s Canada as early as 1750.
Hudson’s Bay to liquidate business, owes Island creditor companies
Hudson's Bay, Canada's oldest company, is hoping it can avoid a shut down by announcing a liquidation strategy amid financial struggles.
Hudson’s Bay plans to liquidate business, close all stores
Hudson’s Bay Company says it will start liquidating its entire business and begin the process of closing all its stores, pending court approval. The announcement comes just days after the company applied for creditor protection.
Hudson’s Bay plans ‘immediate’ liquidation of entire business
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. The company said it remains optimistic it can drum up capital and find a solution with key stakeholders,
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Hudson's Bay creditor protection case returns to court
Hudson’s Bay is set to be back in court Monday morning where it will seek approval to begin liquidating its entire business, ...
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Shoppers dismayed by 'paused' Hudson’s Bay rewards program
Retail experts warn that even if the Hudson’s Bay rewards program returns, it may be altered to lower the value of points ...
Hudson’s Bay in Canada Files for Bankruptcy Protection, Initiates Restructuring Proceedings
Through its long history, the department store underwent numerous repositionings, remerchandisings and ownership changes, but ...
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Hudson's Bay crisis made clear in creditor protection filing by Canada's oldest company
If you stepped into Hudson Bay's flagship store in downtown Vancouver this week, you would have found all elevators and ...
Hudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait
Hudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the ...
Inside Halton4d
Hudson’s Bay faces a retail crisis. How many of its 32 Ontario stores will survive the restructuring?
Hudson’s Bay announced it is seeking creditor protection under the Companies’ Creditors Arrangement Act (CCAA). It operates ...
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‘Play it smart,’ Hudson’s Bay customers advised to use gift cards ASAP amid restructuring
Time might be running out to use your Hudson's Bay gift card. Canada’s oldest retailer has filed for creditor protection as it restructures its business, leaving experts urging shoppers to spend their ...
Olympic red mittens, Mink Mile and Zellers: Five memorable moments from Hudson’s Bay
Canada’s oldest brand brought the country cosy red mittens, iconic stripes and a now-defunct discount chain that anchored ...