Hudson’s Bay Company (HBC) is in full liquidation mode and continues to actively seek creditor protection to avoid a fate comparable to that of other defunct department store chains like Eaton’s, Zellers, and Sears.
Attorneys representing the struggling retailer told an Ontario court the liquidation process may encompass all 80 of its stores, in addition to three Saks Fifth Avenue locations and 13 Saks Off 5th outlets in Canada, which are operated under a licensing agreement.
