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Dorota Blumczynska didn’t even need to look at the Manitoba Museum’s bank accounts to know it couldn’t afford to buy the royal charter that formed Canada’s oldest business when the Hudson’s Bay Company faltered last year. “Our acquisition budget as a museum has a balance of just over $4,000,” the …
Read More »Court monitor says it doesn’t support Hudson’s Bay plan to sell leases to Ruby Liu
The court-appointed monitor overseeing Hudson’s Bay’s creditor protection case says it’s against landlords being forced to accept a B.C. billionaire’s plan to buy more than two dozen of the retailer’s leases. In a new court filing made late Wednesday, Alvarez & Marsal said it does not agree that landlords should have …
Read More »Hudson’s Bay heads back to court for fight with lender over Ruby Liu deal
Hudson’s Bay is headed back to court Tuesday for a fight with one of its biggest lenders. Restore Capital LLC will ask Judge Peter Osborne to terminate a deal between the defunct retailer and B.C. billionaire Ruby Liu, who wants to buy up to 25 of its leases. The lender …
Read More »Hudson’s Bay lender asks court to end lease deal with mall owner Ruby Liu
One of Hudson’s Bay’s biggest lenders says the department store chain has handled its liquidation so badly that a court should end a buzzy but fraught lease transaction the retailer signed with a B.C. billionaire and subject the company to even more oversight as it winds down. A motion filed …
Read More »Hudson’s Bay to ask for court approval of Canadian Tire deal – National
Hudson’s Bay is expected to return to court Tuesday morning to seek approval for a $30-million deal it signed with Canadian Tire Corp. Ltd. If the deal gets the OK from Ontario’s Superior Court, Canadian Tire will be able to buy the rights to Hudson’s Bay’s intellectual property, which includes …
Read More »Hudson’s Bay to seek court permission to auction off charter, art and artifacts
Hudson’s Bay Co. is expected to seek court permission today to auction off its art, artifacts and the 355-year-old royal charter that launched the company, which announced Wednesday it will liquidate all its remaining stores. The department store company, which is Canada’s oldest business, filed a notice of motion last …
Read More »Lender open to giving Hudson’s Bay more time to save 6 stores so far spared 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 stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising …
Read More »21 new Zellers pop-up shops to open inside Hudson’s Bay stores in 5 provinces
Over the next few weeks, a whole host of Zellers pop-ups are expected to appear inside Hudson’s Bay stores in five provinces by Aug. 11. HBC says the 21 new pop-ups will be much smaller than the last batch of retail locations and will serve as test spots for potential …
Read More »Hudson’s hopeful: Northern B.C. wildfire evacuees find support from neighbours
Diana Jewan was celebrating her grandson’s birthday on Saturday as ash fell from an eerie, orange sky. The Battleship Mountain wildfire, ignited about 50 kilometres west of Hudson’s Hope, B.C., was drawing near. Shortly after the party, an evacuation order was issued, forcing hundreds of residents to leave the area …
Read More »Hudson’s Bay to resurrect discount retail chain Zellers
Canadian department store Zellers hopes to make a comeback next year, a decade after the discount chain shuttered most of its locations. Hudson’s Bay Co. says Zellers will debut a new e-commerce website and expand its brick-and-mortar footprint within select Hudson’s Bay department stores across the country in early 2023. …
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