Hudson’s Bay expects 6 store saving, which could protect his 9,364 jobs star-news.press/wp
After looking for a lifestyle, Hudson’s Bay says he has now found a way to keep a dozen open shop open.
The oldest company in Canada today has returned to the court to seek the permission of an Ontario judge to settle six stores on Monday.
A six Hudson’s Bay wants to save the settlement of the settlement in Yonge Street, as well as a Yorkdale Mall store in the city, and other north, Hillcrest Mall, Richmond Hill, ont. The remaining three are Montreal, Carrefour Laval Mall and Pointe-Claire, which.
Six stores only have until April 4, otherwise they will be added to the settlement.
The company did not say discounts in the rest of the stores in the settlement period in the settlement period, which would last until June 15. These locations are empty until June 30.
It is 9,364 jobs that could be lost in motion, if the company has settled all its stores, which Hudson’s Bay passed Friday sales, allowing six locations to keep alive.
“When a solution can be found, there is a chance to get out of settlement. But if the restructuring solution is not very fast, (six) will be added to the settlement sale,” Hudson’s Bay Ashley Taylor said in the court.
The proposal marks the bright hope for the company. The archive showed that the company showed that the company was important financial challenges and needed money to keep the basic payments that keep the business.
After more than 350 years in the business, the oldest Canadian company is teetering on the edge of the collapse, but who is the guilt? CBC Eli Glasner puts three suspects of the department department below the light questionnaire.
While the seller had a reduced consumer expenditure, the slide between US and Canada’s commercial tensions and pandemic pands, Hudson’s bay and providers fered to the resort for deferred and financing.
Six stores could save, because fast settlement sparked a fuzzy customer sale for Hudson’s Bay’s striped products and other household goods and clothing.
In sales cash, the company will allow $ 16 million in financing received by the donor until the court was allowed to settle.
Taylor said the company “will work hard” to find more long-term solutions, “but it warns that the window that needs to achieve that” it remains very short. “
While the company does this work, it wants to start sales process, such leases. If it achieves a settlement acceptance, a large part of the company’s goods will be sold and his stores will be bent.
It has 80 Hudson’s Bay Store, three Saks Fifth Avenue locations and 13 Saks in Canada 5. Shops.
The four distribution centers have an impact on Vancouver and Toronto’s scarborough and etobicoke leases.
In Canada in person or online in the store, Hudson’s Bay has paused his loyalty program, and has 8.2 million members in unused points for about 58.5 million dollars.
It will stop accepting the $ 24.2 million gift cards.
Staff job losses are possible
For the company’s payroll 9,364 staff, the company’s dodets will have a profound conclusion.
“I will be 62 years old and my intention was to work up to 65 and retired, but it seems that this will happen,” said Kevin Grael working as an e-commerce processor at the SCARBOROUGH online distribution site.
“It’s sad. Especially at my age, it’s hard to get the job,” he said. “Everyone’s worried, everyone sad, some of them are angry, it is understandable. They can’t believe it.”
Today, the situation lies, employees disappeared in their work days or weeks, how the company moves. Many have no idea whether they will hang on pensions and benefits, whether they will receive a penalty.
Grell, the union authority, said they did a meeting with the Union last week and asked about the emergency.
“Come and honestly told us in such situations, they don’t expect hope, because it is at the bottom of the barrel. So it’s very difficult because we’ll get anything.”
The oldest store of Canada, Hudson’s Bay, its business is 1670. Year. Tony Letvinchuk, MacDonald Real Estate MacDonald Director General.
Andrew Hatnay, a lawyer who represents the staff, did not push the company as a reason for the celebration to store six stores.
“We’ll see how it works, but also … If they get out of the hat, the shops go down,” he said to the court. “It’s not good news.”
In the game, he said, that there were thousands of jobs, but benefits, pensions and protection. Hudson’s Bay Staff show that Fifth Avenue and Earlier Simpsons, Kmart Canada and Zellers say that the documentary Court is currently fully funded.
Employees say they do not expect hope, Hatney estimates could be $ 100 million collective.
“This is melancholy,” said the judge. “This is the disappearance of HBC, slowly but surely”.
2025-03-21 14:22:00
