Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Hudson’s Bay Files for Creditor Protection, Puts 80 Stores at Risk
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Hudson’s Bay Creditor Protection
PhotoNews Pakistan > Business > Hudson’s Bay Files for Creditor Protection, Puts 80 Stores at Risk
Business

Hudson’s Bay Files for Creditor Protection, Puts 80 Stores at Risk

Web Desk
By Web Desk Published March 8, 2025 2 Min Read
Share
A Hudson's Bay storefront. Lars Fortuin | Dreamstime via NarCity
SHARE

Hudson’s Bay, a retail titan with 350+ years of history, filed for creditor protection on March 7, 2025, casting doubt over its 80 Canadian department stores.

Citing U.S. tariffs, post-pandemic shopping shifts, and soaring costs, the company launched proceedings under the Companies’ Creditors Arrangement Act, signaling a fight for survival. The Hudson’s Bay Creditor Protection move jolts Canada’s retail scene, where it’s long been a cornerstone.

Breaking news: Hudson’s Bay, Canada's oldest retailer, has been granted creditor protection to restructure its businesshttps://t.co/5EUoMhnPqb

— The Globe and Mail (@globeandmail) March 8, 2025

Born in 1670 in the UK, Hudson’s Bay opened its first Canadian outpost in Winnipeg in 1881. Today, it runs 32 stores in Ontario, 16 in British Columbia, 13 each in Quebec and Alberta, and two each in Manitoba, Saskatchewan, and Nova Scotia, anchor tenants in hubs like Erin Mills Town Centre (Mississauga), Sunridge Mall (Calgary), and Galeries D’Anjou (Montreal). The filing puts these lifeline locations—and jobs—on shaky ground as restructuring looms.

#BREAKING: Hudson's Bay files for creditor protection https://t.co/CYw8OmKg8o

— CP24 (@CP24) March 8, 2025

CEO Liz Rodbell vowed to safeguard the brand’s legacy: “We’re here for customers, staff, and partners committed to Canada’s future.” She aims to “re-establish our foothold” in a tricky market. The Hudson’s Bay Creditor Protection follows a wild ride buying Neiman Marcus for $2.65 billion in July 2024 to form Saks Global, only to split from Saks Fifth Avenue by December. The Hudson’s Bay Creditor Protection 80 stores teetering rocks Canada’s retail core.

Read: Trump’s 25% Tariffs on Mexico, Canada Spark Trade War and Price Hikes

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

USA TikTok Deal 2025

US and China Strike TikTok Deal to Avoid Ban

Asia Cup boycott Pycroft

Pakistan Threatens Asia Cup 2025 Boycott Over Referee Andy Pycroft

Punjab Electric Taxi Scheme

Punjab’s 2025 E-Taxi Interest-Free Installment Plan Supports Youth Employment

Post Archives

More Popular from Photonews

India-Pakistan Asia Cup
Sports

Punjab Kings’ Asia Cup San Pakistan Logo Banner Sparks Controversy

3 Min Read
Who is Tyler Robinson Killed Charlie Kirk
Top NewsWorld

Who is Utah Student Tyler Robinson Arrested in Charlie Kirk Shooting?

4 Min Read
Carlos Alcaraz Dating Brooks Nader
Sports

Carlos Alcaraz Dating Brooks Nader Romance Rumors Confirmed

2 Min Read
Top NewsWorld

Charlie Kirk Assassinated at Utah College Event

Conservative activist Charlie Kirk, a key ally of President Donald Trump, was fatally shot at Utah…

September 11, 2025
Sports

ICC Men’s T20 World Cup 2026 Dates and Venues Announced

The International Cricket Council (ICC) has announced tentative dates for the 2026 Men’s T20 World Cup,…

September 10, 2025
Offbeat

Former Israeli Soldier’s Gaza Video Game Sparks Controversy

A former Israeli soldier released a video game recreating the destruction in Gaza. He claims the…

September 13, 2025
Sports

Pakistan Captain Salman Ali Agha Misses Training Due to Neck Spasm

Pakistan cricket team captain Salman Ali Agha skipped training at the ICC Academy in Dubai due…

September 11, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?