Hudson's Bay to liquidate entire business

Hudson’s Bay to liquidate entire business unless last-minute solution found
TORONTO — Canada’s oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. The department store chain with 80 stores says it has been forced toward a full liquidation because exhaustive efforts haven’t turned up the financing the company needs to restructure.
Hudson’s Bay Faces Closure as Liquidation Looms
Hudson’s Bay may shutter permanently as it fails to secure restructuring funds. Liquidation sales could begin next week, marking the end of Canada’s last department store.
Hudson's Bay to liquidate entire business, still seeking additional capital
Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and now spans 80 stores said it has been forced toward a full liquidation because "exhaustive" efforts haven't turned up the financing it needs to keep at least some of its empire alive.
Canadian Press NewsAlert: Hudson’s Bay to liquidate entire business
TORONTO - Canada's oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward.
Hudson's Bay to Undergo Full Liquidation Unless an Alternative Solution Emerges
A store-by-store liquidation process will begin as soon as next week. The Company remains hopeful that key stakeholders, particularly its landlord partners, will engage to explore a viable alternative restructuring path that could preserve jobs,
Hudson’s Bay to start liquidating stores as early as next week
Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward.
Hudson's Bay says it will liquidate entire business if no financing can be secured
A closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.
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