Liquidation Sale At All 80 Canadian Hudson’s Bay Stores Could Begin Today [Forbes]
News Corporation - Class A (NWSA)
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Source: Forbes
and 13 Saks Off 5th Avenue locations there, could begin today unless a financial lifeline is found to sustain some operations — a prospect that appears increasingly unlikely, Hudson's Bay Chief Executive Officer Richard Baker, 48, of Hudson's Bay Co. (HBC) The Canadian ... [+] department store chain has agreed to pay $2.4 billion to acquire Saks Inc. one of America's most prestigious luxury retailers. (Photo by Neville Elder/Corbis via Getty Images) Corbis via Getty Images Key Facts On March 7, the for creditor protection under the Companies' Creditors Arrangement Act (CCAA), the Canadian equivalent to Chapter 11 bankruptcy, while it sought to secure additional financing to pursue a restructuring transaction. Initial plans were to shutter about half
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