The DIP facility is in the amount of a $16 million advance, which was approved earlier today. The borrower is Hudson's Bay Company ULC Compagnie de la Baie D'Hudson, with its parent companies serving ...

If you stepped into Hudson Bay's flagship store in downtown Vancouver this week, you would have found all elevators and escalators completely out of service. Even the stationary escalators were ...

Hudson’s Bay, one of Canada’s oldest and most iconic department store chains, is at a crossroads as reports indicate that nearly half of its stores could be closing amid financial turmoil. In an ...

Canada's oldest retailer, Hudson's Bay department store, cannot pay its debts. The high-end chain, dating back to the 17th-century fur-trade era, has been losing money and shoppers, set back by the ...

The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source familiar with the matter, the ...

If you stepped into Hudson Bay’s flagship store in downtown Vancouver this morning, you would have found all elevators and escalators completely out of service. Even the stationary escalators were off ...

Hudson’s Bay signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023 (Andrew Lahodynskyj /Canadian Press). Share this story... TORONTO — The restructuring process ...

TORONTO — Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection. While the department store chain dating back to 1670 hasn’t ...

North American retailer Hudson’s Bay Company has initiated creditor protection proceedings under the Companies’ Creditors Arrangement Act (CCAA), a strategic move for recovery amidst Canadian ...

TORONTO — The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source familiar with the matter, the ...