• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Us & Canada

Hudson’s Bay returns to court to seek approval to begin liquidating its business

March 17, 2025
in Us & Canada
Reading Time: 1 min read
A A
0
Hudson's Bay returns to court to seek approval to begin liquidating its business
6
SHARES
13
VIEWS
Share on FacebookShare on Twitter


Hudson’s Bay is set to be back in court on Monday morning, where it will seek approval to begin liquidating its entire business, putting more than 9,000 jobs at risk.

The department store, which holds the title of Canada’s oldest company, says 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.

Given the company’s financial situation, it wants to conclude the liquidation process by June 15.

But it says it remains optimistic it can drum up capital and find a solution with key stakeholders, particularly its landlord partners, to avoid a full shutdown.

The department store, which holds the title of Canada’s oldest company, says 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 business alive. (Evan Mitsui/CBC)

In an application to the Ontario Superior Court of Justice, Hudson’s Bay said it was struggling because of subdued consumer spending, trade tensions between the U.S. and Canada, and post-pandemic drops in downtown store traffic.

The retailer owns 80 Hudson’s Bay locations as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada, through a licensing agreement.



Source link

Previous Post

Refugees and advocates speak out on Trump’s immigration policies

Next Post

Nvidia stock slides ahead of GTC as investors look to new Blackwell Ultra

Related Posts

Afghan national who entered the U.S. legally detained during an immigration hearing in San Diego

Afghan national who entered the U.S. legally detained during an immigration hearing in San Diego

June 23, 2025
4
What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?

What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?

June 23, 2025
6
Next Post

Nvidia stock slides ahead of GTC as investors look to new Blackwell Ultra

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
His Side Hustle Led to 7 Figures and Richard Branson's Island

His Side Hustle Led to 7 Figures and Richard Branson’s Island todayheadline

June 23, 2025
'A big negative': Expert says latest Trump move will 'squeeze households'

‘A big negative’: Expert says latest Trump move will ‘squeeze households’ todayheadline

June 23, 2025

Space Inventor Launches First Danish Arctic Satellite

June 23, 2025
Zoning out could be beneficial—and may actually help us learn faster

Zoning out could be beneficial—and may actually help us learn faster

June 23, 2025

Recent News

His Side Hustle Led to 7 Figures and Richard Branson's Island

His Side Hustle Led to 7 Figures and Richard Branson’s Island todayheadline

June 23, 2025
1
'A big negative': Expert says latest Trump move will 'squeeze households'

‘A big negative’: Expert says latest Trump move will ‘squeeze households’ todayheadline

June 23, 2025
0

Space Inventor Launches First Danish Arctic Satellite

June 23, 2025
0
Zoning out could be beneficial—and may actually help us learn faster

Zoning out could be beneficial—and may actually help us learn faster

June 23, 2025
5

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

His Side Hustle Led to 7 Figures and Richard Branson's Island

His Side Hustle Led to 7 Figures and Richard Branson’s Island todayheadline

June 23, 2025
'A big negative': Expert says latest Trump move will 'squeeze households'

‘A big negative’: Expert says latest Trump move will ‘squeeze households’ todayheadline

June 23, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co