Hudson Bay begins its last stores settlement star-news.press/wp

Barrel hunters were hurried on Friday morning in the company’s settlement sales in six stores.

In the Flag of the Hudson’s Bay, in the heart of the center of Toronto, many customers went to the jewelery department, all 70% reduced. Others were looking for articles with its emblematic scratches.

Clearly, discounts work. Le Monde MagasineHe visited Gina Tran, Montrealer Toronto. Last time, I went to Montreal (to the Bay store), then there wasn’t much left.

The Hudson Bay company has placed his creditors in Last Month, calling difficulties to pay its invoices. The company shows the intension of trade war with the United States, the sustainable effects of the pandemic and the fall of traffic.

The end of the bay is as we know.

Hudson’s Bay’s 96 stores, including three branches Saks Fifth Avenue and 13 store Saks off 5.It will close in the middle of June.

However, retail refused: According to the documents deposited to the Court of Ontario, the bay has the right to remove the settlement branches, if the purchase offers.

The longer you move forward, the more options are thin buyers, unfortunatelyPierre Fortin appreciates the consent authorized board.

At the La Baie Store, at the Toronto Eaton Center, Stéphan Nappert wants to take advantage of attractive sales, but this business decision could be given the oldest Canadian store in 1670.

It is disappointing. More than 300 years of history disappear and all things that have gathered over time, where will it be? We don’t knowHe says.

Auction on the horizon

Its debt was created in almost a million dollars, Hudson Bay plans an auction, 1,700 works of art and 2,700 artifacts, King Charles II.

Not only active. Should be returned to the public.

The UNESCO Canada Commission has transferred this historical document to the public archive establishment, such as Manitoba Archives, which have already had thousands of artifacts that Hudson Bay offers a few decades ago.

This would allow her to expand the heritage designation to the letter and this would bring a certain peace of mind, knowing that it will now be preservedsays Cody GroatIt is also the General Directorate of the Department of Aboriginal History and Studies at Western University, Ontario.

Thursday, the Court has authorized the organization of this auction, has tried reasonableBecause it combines the needs of the bay with creditors and other actors.

Heffel House, a leader in the sale of works of art, was named to build a catalog of Hudson Bay items, consulting the interested parties and defining the progress of the auction.

Acceptance of the upper courts offers the possibility of removing objects, if they believe that the importance of inappropriate in the auction is historical or cultural.

Archive organizations, government, first nations and historians, including Cody GroatThey argued that they did not want to take these articles lightly heard of hearing auditions or fall into the hands of private investors.

What about staff?

The fate of 9,364 employees of Hudson’s Bay is required. In general, in solvency procedures, guaranteed creditors, banks, other banks, including other creditors, staff are much smaller.

Hundreds of employees have already lost their jobs without departure compensation. Others received some payments and the end of the benefits they received from their employer.

On Thursday, Peter Osborne named Herman Wilton-Siegel, one of his colleagues at the top court, to choose the lawyer office that will replace this file.

The company proposed by the company Ursel Phillips Scholarships HopkinsonWho took part in important solvency files in Canada, especially for vendors Adherence Et et Nordstromo.

With Canadian press information