Hudson's Bay Awaits Court Approval for Liquidation After 355 Years
Canada’s oldest retailer faces potential closure as court deliberates on a 10-12 week liquidation plan, putting over 9,300 jobs and $82.7 million in consumer value at risk.
- The Ontario Superior Court is expected to decide this week whether Hudson's Bay can proceed with liquidating its 80 stores across Canada, along with its e-commerce operations.
- If approved, liquidation sales could begin within days and are projected to last up to 12 weeks, with the company aiming to complete the process by mid-June.
- Gift cards will only be accepted until April 6, while $58.6 million in loyalty points have been paused and are currently unusable.
- The company owes over $400 million to secured creditors and has only secured financing to liquidate its assets, not to continue operations.
- Experts suggest Hudson’s Bay’s iconic brand and symbols may survive through licensing or sale, even as its stores face potential permanent closure.
The Globe and Mail 
Global News 