Retailer Hudson's Bay begins final liquidation sales in Canada

Should a bid be received in accordance with the Sale or Investor Solicitation Process (“SISP”), the Applicants retain the ability to withdraw these stores (or other stores) from the liquidation sale pursuant to, among others, the Amended and Restated SISP Order.

The current SISP process is still underway and remains unchanged. Reflect Advisors continues to solicit interest in, and opportunities for one or more sales of all or certain portions of the property, assets, and undertakings of the Company and/or an investment in, or refinancing of all or a portion of the business of the Company. The deadline for these submissions is April 30th.

The Hudson’s Bay and Saks Fifth Avenue stores in Canada are expected to operate no later than June 15, 2025, however, some may close earlier. Additionally, nine Saks OFF 5TH stores will close Sunday, April 27.

Hudson’s Bay extends its sincerest gratitude to its dedicated associates and loyal customers for their overwhelming support over the years and throughout this chapter.

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ALCHEMPro News Desk (RM)