Hudson’s Bay expected back in court to extend creditor protection

The company was given permission to start paying off its debts with cash from liquidating sales.

Hudson’s Bay creditor protection extended

An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July.

Court grants Hudson’s Bay extension of creditor protection

An Ontario court has granted Hudson’s Bay an extension of its creditor protection and given the beleaguered retailer permission to repay millions of dollars owed to certain senior lenders.

Hudson’s Bay to choose a new owner in two to three weeks, court told

Company to decide on buyer or buyers for assets, store leases by mid-June, with stores to be vacated by the end of that month

A 355-Year-Old Document That Helped Create Canada May Be Sold Off in Bankruptcy

The Hudson’s Bay Company is 355 years old—older than Canada itself, older than most modern democracies. But as the once-mighty retailer moves to liquidate its remaining assets, history is being priced and prepared for bidding. Among the approximately 4,400 artifacts and artworks HBC has cleared to offload is the original Royal Charter that created the company in 1670. The auction hasn’t been scheduled yet, but the pushback is already underway. E…

Hudson Bay must return to an Ontario court on Tuesday, for the first time in about two weeks, to obtain a stay from the hundreds of companies to which it owes money.