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Hudson’s Bay Company (HBC) has announced it intends to liquidate its entire business after failing to secure sufficient debtor-in-possession financing to maintain its Canadian business operations.
Hudson’s Bay spent Monday in court asking for permission to begin a liquidation of all of its stores as early as Tuesday, even as it holds out hope that it will find a lifeline.
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The death knell is ringing for Canada's oldest company. Hudson's Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as ...
Hudson’s Bay Co., the department store chain dating back to the fur trade in 1670, has entered creditor protection proceedings. The Canadian Press reports the chain is looking at closing roughly ...
As Hudson’s Bay Co. restructures through the creditor protection process, a retail expert is calling Canada’s oldest company’s struggle “very sad to see,” with little hope for long-term ...