Ontario judge rejects Hudson's Bay Company restructuring agreement
03/30/25, 8:30 AM
Location
Industry
retail
Type
agreement
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 Info
Location
new york, new york, united states
Additional Info
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.