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    Newsroom Ready: Court approves Hudson’s Bay plan to liquidate all but six stores
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    Placeline/People
    State Province Ontario
    Country Canada

    Court approves Hudson’s Bay plan to liquidate all but six stores

    Canada’s oldest company will begin liquidating the majority of its stores starting on March 24 after a court approved the move. The ruling at Ontario Superior Court allows the retailer to begin selling off inventory at most of its 80 Hudson's Bay stores, three Saks Fifth Avenue locations and 13 Saks Off 5th shops in Canada. The six stores that will continue on are in the Toronto and Montreal areas and, though Hudson's Bay has enough money to keep them going for now, it will need to secure further financing to keep them open permanently. (March 21, 2025) 
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    Information
    Source name: 
    The Canadian Press
    Unique identifier: CP174329265 
    Legacy Identifier: b_HBC-Liquidation20250321T1450 
    Type: Video 
    Duration: 1m40s 
    Dimensions: 1920px × 1080px     92.22 MB 
    Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
    Create Date: 3/21/2025 2:50:00 PM 
    Display aspect ratio: 16:9 
    Tags
    business
    business and finance
    economy
    employee
    hbc
    Hudson's Bay Company
    liquidation
    news
    pension