US EditionHudson's Bay seeks court agreement that offers little time to save six stores
- Hudson's Bay asked an Ontario court on March 26, 2025, to approve a restructuring agreement to save six stores from liquidation temporarily, which would start on April 8 if no transaction is found to repay creditors.
- RioCan Real Estate Investment Trust opposes Hudson's Bay's request, arguing that the April 8 deadline conflicts with another process for potential buyers that has a bidding deadline of April 30.
- The restructuring agreement follows the liquidation of the majority of Hudson's Bay's 80 stores and comes after strong sales allowed three store locations to be temporarily saved.
- Lawyer Ashley Taylor stated that the agreement is not ideal but is the best arrangement available, considering the circumstances.
28 Articles
28 Articles
castanet.net
Hudson's Bay awaits timeline for saving remaining six stores rescued from liquidation
Canada's oldest company, Hudson's Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring plan that could help the beleaguere...
Lender open to giving the Bay more time to save remaining stores from liquidation
One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six six stores it has so far spared from liquidation.
Lender Open to Giving the Bay More Time to Save Remaining Stores From Liquidation
One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six six stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising a deadline that would force the ailing department store to start liquidating its six surviving stores on April 8, if it hasn’t found a likely transaction to give it a way f…
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