Canada
Hudson’s Bay returns to court seeking liquidation approval
Hudson’s Bay Faces Uncertain Future as Liquidation Looms
Introduction to the Crisis
Hudson’s Bay, Canada’s oldest company, is standing at a critical juncture as it prepares to return to court on Monday, March 18, 2025, to seek approval for the liquidation of its entire business. This move puts over 9,000 jobs at risk, casting a shadow over the future of this historic department store chain. The company has revealed that despite extensive efforts to secure financing, it has been unable to find the necessary funds to keep even a part of its operations afloat, leading it down the path of full liquidation.
The Road to Liquidation
Hudson’s Bay has been grappling with significant financial challenges, exacerbated by a combination of factors. The company has cited subdued consumer spending, ongoing trade tensions between the U.S. and Canada, and a notable decline in foot traffic at its downtown stores
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