Hudson’s Bay hopes to save six stores, starting the cancellation process on Monday

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Toronto – Once the Ontario court has given the permission of Canada’s oldest company to start all over the store under the store on Monday, only after a week. Slotation to close, Ottawada has been included in each other in four and Gatineau.

Ontario Superior Court Judge Peter Osborne’s Friday approval allows 80 Hudson’s Bay Store, three residents to start the sale of the most inventory of 5th stores.

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“This is the possible art and we are today. In my opinion, there is no other alternative,” he said on Friday, “Osborne said.

In six stores in the Six stores who are rescued from the sales of liquidation, Yonge Street in Yongeto, also includes a store in the Yorkdale Mall in a store in a store and Richmond Hill in the Hillcrest Tall. The remaining three, carrefour laval shopping center and dot-claire, que.

The company did not say how deep discounts will be in the time of cancellation until June 15. All liquidation stores will be discharged until June 30.

The movement was lost 9,364 in the company, all the company took action to cancel its warehouses, which allowed the last sales expectations, it allowed it to remain six years old.

“If a solution can be found, there is an opportunity to remove extra stores, but though the restructuring solution is not very quickly, Hudson Bay Lawyer Ashley Taylor said on Friday.

The referee is following a hope of the company that applies to the protection of the creditor on March 7. The survey showed that the company needs a cash in cash to continue its funds and continuing its work.

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While the reduction of consumption costs, Canada-US trading tensions and pandemic slides in the city center, homeowners and suppliers were deferred to the supply, and as a result of the financing forcing it.

Tooming cancellation, the cancellation of the gulf of Hudson’s gulf, which can already be saved in the store, caused a crash of sales from customers who want to pick up famous strips and clothes and dresses and dresses.

Cash from sale, Riocan property owned by a little property will allow investment confidence in investment. Now you can pay $ 16 million in financing from recovery capital to restore early months.

Taylor said he would continue to “work a lot” to find “a longer term solution” for the company’s finance woes, but it warned the window to “stay very short.”

The company will start the sale process for assets such as operating, leases and Canadians, and Canadians will see deals during transactions in shops.

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The loyalty program, a member of Hudson’s Gulf, $ 8.2 million in Canadian, had a $ 58.5 million dollar in unused points. After April 6, consumers will stop accepting $ 24.2 million gift cards.

All sales in Hudson’s Gulf will end in stores.

To come to a verdict, Osborne had to cancel the company’s inventory, and had to look for a buyer for valuable assets associated with its lease or his name or stripes.

“I want to make sure that we do not sell the jewelry in the crown … Therefore, this week, this week, this week, this week before the day, he declined” low temperatures down. “

During the week, dozens of lawyers represented everyone from the elevators of Hudson Gulf in Hudson Gulf.

Property owners do not leave with great gaps to fill in the goods and features of the cattle and properties that are concerned without a removal, but this prevents the foot traffic to other tenants compared to the reduced prices.

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Hudson Bay lawyer Taylor used their performances to promise the company to promise the company “as much as possible” to find those who can save or reset the business.

He said this was approached by 19 lenders earlier this week, but so far the “efforts of the company failed” and demand their abolition.

A lawyer, who represents the staff, felt that he moved himself very quickly because he felt that the whole process was moving very quickly, the whole process was moving very fast in a week.

He did not see the six store saved as the reason for celebrating.

“We’ll see how it works, but even … they still get something out of their hats, the shops are still down,” he said. “This is not a good news story.”

He said that he did not work only for thousands, benefits, pensions and intersections. Hudson’s Gulf, Saks Fifth Avenue and more previously Simpsons, Kmart Canada and Zellers, 21000 past and present workers in Kmart Canada and Zellers, which is in the pension plan that the trial is said.

Employees say Hatnay estimates expect to be up to $ 100 million.

“It’s melancholy,” he said. “This is the slowly, but undoubtedly the disassembly of the HBC.”

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