Hudson’s Bay Assets Up for Grabs Amid Bidding Frenzy
Friday, May 9, 2025, 4:21 pm
The historic retailer is under creditor protection and currently evaluating a flood of bids for its assets. Multiple offers are on the table in a high-stakes process that underscores the retailer’s struggle to reinvent itself in a competitive market, leaving buyers scrambling to secure a slice of retail history.
The court document says the company and those involved in selecting a winner are now evaluating the offers and having discussions with those who made bids
TORONTO — A new court filing shows a process meant to find a new owner for Hudson’s Bay and its assets has yielded 17 bids. A report from a court monitor guiding Canada’s oldest company through creditor protection does not name the bidders but says they made offers after the monitor reached out to…
permalink / 2 stories from sources in 32 hours ago #economy #finance #business #canada
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