US EditionHudson’s Bay expected back in court to extend creditor protection
- On May 13, 2025, Hudson's Bay is scheduled to appear in a Toronto court to request an extension of its creditor protection period.
- The company filed for creditor protection in March due to nearly $1 billion owed to landlords, vendors, and suppliers, and now wants protection extended to July 31.
- Hudson's Bay is seeking an extension to finalize the disposal of its assets, including the liquidation of numerous Bay locations and several Saks Fifth Avenue outlets, while handling offers from 17 interested buyers.
- From April 19 to May 2, liquidation sales generated over $129 million—around $36.8 million more than anticipated—allowing the company to plan repayments totaling $165 million to its primary creditors, Bank of America and Restore Capital.
- The court extension would allow Hudson's Bay to maximize value for stakeholders while continuing liquidation and repaying debt before shuttering all locations by June 30, 2025.
23 Articles
23 Articles
The company was given permission to start paying off its debts with cash from liquidating sales.
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.
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