The department store Hudson says that the Gulf will start to cancel its work in the shorter time.
The oldest company of Canada, which is 80 stores, says it is forced to be completely canceled, because efforts needed to be rebuilt.
Hudson’s Gulf says that this hopes that capital can be growing and the rest of stakeholders, including homeowner partners.
The closure of all businesses would mean 9,364 employees in Canada within the company’s Bay stores, as well as in three sax fifth prospectus stores and 5th licensing agreement.
Cancellation news comes about a week after a week after the Beleaguered company Ontario is from the Labor Protection from the Lender.
In his application, Hudson’s Gulf said that trade tensions between the United States and Canada are faced with financial struggles because of post-pandemic drops in the city’s city traffic. Documents presented as part of the creditor protection document, the company has a total amount of $ 950 million to creditors.
