Hudson's Bay to sell off all merchandise at 6 stores previously spared from liquidation

The Canadian Press

· Posted: Apr 23, 2025 5:13 PM EDT | Last Updated: 6 minutes ago

Hudson's Bay Co. says successful a caller tribunal filing that the retailer will statesman selling disconnected each merchandise astatine the six stores antecedently spared from liquidation opening Friday.

Adam Zalev, managing manager of Hudson's Bay's fiscal advisor Reflect Advisors, says successful an affidavit that the institution is making the determination due to the fact that determination is simply a "low probability" that it volition find a purchaser for the six remaining locations.

If a bid for the stores is received that keeps them alive, Zalev said Hudson's Bay retains the close to region them from the liquidation process.

The determination efficaciously scuttles Hudson's Bay's section store empire and comes aft it received tribunal support past period to liquidate 90 of its 96 Bay, Saks and Saks Off Fifth stores by mid-June, as it hunts for investors oregon buyers that could restructure oregon support the business.

The six stores present joining the liquidation see the flagship connected Yonge Street successful Toronto, arsenic good arsenic a determination successful the city's Yorkdale Shopping Centre and different farther northbound successful Hillcrest Mall successful Richmond Hill, Ont.

The remaining 3 span downtown Montreal, the Carrefour Laval mall in Laval, Que., and Pointe-Claire, Que.