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Ontario judge rejects Hudson's Bay Company restructuring agreement

Mar 30, 2025about 1 year ago

Contract Type

agreement

New YorkRetail

Description

An Ontario judge rejected a restructuring agreement for Hudson's Bay Company, increasing the possibility of lenders pushing the company into receivership. The agreement would have imposed a weekly budget on the business and granted increased power over the creditor protection process to the retailer's senior secured lenders.

Company Information

Company

Hudson's Bay

Location

New York, New York, United States

About

Hudson's Bay Company, known as HBC, is the parent company of Saks Fifth Avenue and has a rich history dating back to 1670. It operates multiple department store chains, including Saks Fifth Avenue and has a strong presence in both the U.S. and Canada.

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