Hudson’s Bay Co. is seeking approval of a new agreement with lenders that would give it until April 7 to save the six locations it hopes to preserve —an extension of just three days. Under the terms of the agreement, if the retailer hasn’t found a likely buyer by that date, liquidation of those stores would begin the next day. A lawyer for HBC told the Ontario Superior Court of Justice the agreement was not “a very satisfying outcome” but was the best the company could negotiate.
HBC faces tight deadline to save six stores
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