Hudson's Bay to Close Stores

This is a news story, published by CityNews, that relates primarily to Hudson’s Bay news.

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Hudson's Bay to close all stores by June 1

Summary

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74% Informative

Hudson’s Bay filed for creditor protection in March , saying it was having significant trouble paying its bills.

The company filed a motion on Monday evening detailing that, once the liquidation process is complete, it will eliminate 89 per cent of its workforce by June 1 .

Canadian Tire has said that it will pay $30 million for intellectual property belonging to the retailer.

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formal

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English

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not offensive

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