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Canada's fashion elite look back at the Room, a unique part of Hudson's Bay history

Canada’s oldest retailer collapsed with $1.1 billion in debt, ending The Room’s legacy as a luxury boutique for elite designers and shoppers, insiders said.

  • Nicholas Mellamphy and Helen Krispis returned to the Room at Hudson's Bay in Toronto for a final photo shoot and to 'close a chapter' of their careers, posing before the missing sign as Cadillac Fairview prepared the floors.
  • After years of strategic shifts, the Room weakened as Hudson's Bay Company cut budgets, reallocated resources, and relocated it from its 78-year corner space following HBC's 2013 purchase of Saks Fifth Avenue for $2.9 billion.
  • The Room featured opulent touches and theatrical displays, including Yabu Pushelberg and Helen Krispis's silver balloons, suspended roses, and set pieces, while selling $7,000 dresses with champagne service.
  • Stores were shuttered earlier this year, leaving customers rifling through racks of steeply marked down designer dresses while Hudson's Bay Company tagged furniture with liquidation prices.
  • Beyond sales, the closure affects HBC's workforce and heritage, as the Room's evaporation marks the fading of a uniquely Canadian luxury hub and impacts HBC staff, including 9,364 employees.
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The Hamilton Spectator broke the news in Hamilton, Canada on Monday, December 22, 2025.
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