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HBC sells off US$340-million in real estate as it falls behind on payments to suppliers

Summary by Ground News

Canada's oldest retailer is using the cash to pay significantly overdue invoices to vendors. HBC has been weeks or months late on payments since last spring, according to people who spoke to The Globe. The retailer is working to resolve the issue with vendors as the crucial holiday shopping season ramps up.

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The Globe & Mail

HBC sells off US$340-million in real estate as it falls behind on payments to suppliers

Hudson’s Bay completes series of real estate transactions to pay significantly overdue invoices to vendors

1 year ago·Canada

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The Globe & Mail broke the news in Canada 1 year ago on Wednesday, November 22, 2023.

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