Hudson’s Bay sale now using protocol designed to handle insider bid: document

A new document distributed to lawyers involved in the Hudson Bay Creditor Protection case suggests that an insider of the company is considering a purchase offer for the retailer's assets or leases.

Hudson’s Bay Sale Now Using Protocol Designed to Handle Insider Bid: Document

A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases. The “Insider Protocol” document sent to lawyers Thursday and obtained by The Canadian Press describes how processes meant to help the ailing retailer find investors or buyers will now include new provisions to ensure “integrity and fairness.” It said the p…

Hudson’s Bay sale now using protocol designed to handle insider bid: document

A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases.

Hudson's Bay sale now using protocol designed to handle insider bid: document

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Bids for Hudson’s Bay may include company insider, according to document

Bidders have until April 30 to submit final binding sale proposals and investment proposals, and until May 1 to submit bids for leases

Huge new sales begin at Hudson's Bay in Canada

Huge new sales are now being offered at Hudson’s Bay as the chain liquidates the vast majority of its stores. A promo email from the company said the new sales began Thursday, with prices ranging from 25 to 50 per cent off. Furniture, luggage and jewelry is 50 per cent off, patio furniture is 40 per cent off, and “almost everything else” is 25 per cent off. The email notes that all sales are final, with no refunds or exchanges allowed. It also n…