When a retailer declares Chapter 11 bankruptcy and elects to wind down operations, it usually hires an outside company to ...

The country's financial regulator is working to find a feasible and desirable option for financially feeble MG Non-Life ...

Liquidation typically refers to the process of selling off assets to satisfy creditors, and in this instance, it marks a pivotal point for The Hudson's Bay Company (HBC). With a storied history of ...

Hudson’s Bay wants to liquidate all but six of its stores. It has 80 stores under the Hudson’s Bay banner, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it ...

The provision to liquidate insolvent companies as a going concern was intended to save jobs and preserve value, but it merely ...

After a week of uncertainty, La Baie has finally received approval from the Ontario Superior Court to liquidate its assets starting Monday, excluding six flagship stores, three of which are located in ...

The rush to rescue merchandise came ahead of liquidation sales that began Monday at all but six of the department stores run ...

Hudson’s Bay was given court approval on Friday to begin liquidating all but six of its 80 department stores, 13 Saks Off ...

Like many retailers, Hudson’s Bay struggled during the COVID-19 pandemic, but its troubles ran deeper. Now, the company is ...

The shut down and liquidation of all 80 Hudson’s Bay stores and e-commerce operations could begin as soon as today, the company announced in court proceedings on Monday.

Canadians headed to Hudson's Bay stores Monday in hopes of scooping up the first of the retailer's liquidation deals, but ...