The fate of Hudson’s bay as an extension of the settlement plan provided until Friday star-news.press/wp
Whether Hudson’s Bay has to undergo a complete settlement, while recreating some stores. The debt store has received another extension of an ontario judge who will encourage the decision to the week.
Ashley Taylor, for Hudson’s Bay, request an extension on the formal acceptance of the settlement plan on Wednesday, saying that the company continued with participants and had “good constructive discussions”.
The oldest company in Canada officially introduced the protection of creditors this month earlier, accepting that he was struggling with economic difficulties. Taylor said the retail store was to settle half of his shops and expected some leases that stored in traffic areas of Foots.
However, they were unable to ensure the financing of lenders that would be required to finance this restructure, leaving the company by mixing the company and in the face of total settlement.
Meanwhile, in the center of corporate chaos, there are many buyers in many regions of Canada, when settlement sales have begun, empty shelves and shops that increase crowds.
They remain more than 9,000 staff, the company 80 store, online offer and three Saks fifth Avenue and 13 Saks 5 Saks operates in Canada in Canada. In stores.
The seller of the debt is almost owed to creditors nearly $ 1 million.
It was explained News Note On March 14, the store settlement process would follow the approval of the court and last 12 weeks. The court was originally slipped on Tuesday to reveal his decision.
Taylor in the Wednesday procedure stated that the company had enough settlement to carry out operations until Friday, but as soon as the plan may be ready to accept the plan as soon as possible.
Hudson’s Bay Company has founded in 1670, in 1670, the company, the company, had a wide cage in northern Canada around Hudson Bay. In the modern form, his outlets were hard commercial sites, which hosted many brands, along with its own lines of brands and goods.
How does the settlement sale work
According to Hudson’s Bay, department version of the Saccharge and Sacs Basic version, 5. Positions will be open in the settlement process. For customers also for a limited time, they can still buy goods at thebay.com.
Unlike sale for sale, where vendors can offer rugged discounts to make room for new products and returning. It is a settlement sale, starting with lower drops of prices that are larger than the period and all sales are final.
Usually the products that are usually coming with a guarantee, as they do not have a more discount, compared to clothes or shoes, according to Philip King, a lawyer who talks about businesses at Western University.
King reported the CBC when the settlement process is launched, Hudson’s Bay is likely to download wholesale as far as possible.
Sending products from warehouses would cost more, so it will be sold “anyone who will buy many goods”, like liquidators, to help recover more costs faster.
In stores, it is likely that the most desirable products will be received first, as well as without a lot of discounts, so hope to gain a specific product should not wait.
Employees were worried about work
Something that is not lost in the mess, the king stated, if Hudson’s Bay is liquidated: Employees.
“It’s not just sharing and return returns for creditors and shareholders,” he said. “At the end of the day, it is a very personal story for thousands and thousands of people.”
While certain protection for staff are available, in case of settlement, they are unlikely to be able to achieve as much as they owe.
“It has a lot of someone who has been for someone and many seniors and constructed punishment for 20 years, they will not achieve what they should achieve.”
Hudson’s Bay is to settle his entire business and close to all his stores “Another” blow “, for Canadians who saw the end of other shops like Sears and Eaton, says Craig Patterson, underline the retail multimedia site. ‘In North America, I think the model model is quite large, mostly dead.’
Andrew Hatney mentioned on the court on Wednesday, “he didn’t be happy” to hear that the settlement is on the table, “encourage the company to find other solutions to find other solutions.
“This type of work loss will be Canadian disaster.”
After talking about the news of CBC, Hatney could have “normal shopping day” when customers walk in the Hudson’s Bay store, but when we talk to the staff, it’s not as business as usual. “
“They are very worried about work.”
Shops already see empty shelves
Although official settlement sales have not yet begun, the shelves are already naked in slow bays.
In Toronto, buyers searched for sales earlier on Tuesday. Richard Bryce, Richard Bryce, said the CBC news specifically, went to the bay when he heard about possible settlement.
“Very sad,” he said. “But in view of the uncertainty in the economy, I think Hudson’s Bay struggles for a while.”
On one of the Vancouver company shops, buyers fell on the Hudson’s Bay Point Maindire screen, along with the branded green, red, yellow, red, yellow and navy. In a minute, they ran out.
Andrew Shirley, a trader came to see the bids offered by a trader with the iconic stripes left in the store “.
His reward? A clothes.
“Everything else has been completely cleaned.”
2025-03-19 19:09:00
