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Ontario judge rejects Hudson's Bay Company restructuring agreement
Mar 30, 2025•about 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.
New YorkRetail