Canada's Hudson’s Bay files for creditor protection under CCAA
Hudson’s Bay Company ULC has filed for creditor protection under Canada’s CCAA, citing economic challenges, trade uncertainty, and post-pandemic shifts. Alvarez & Marsal Canada Inc is appointed as the monitor. Restore Capital has provided interim financing, with more funding sought. The company aims to restructure, preserve jobs, and secure its future in Canada’s retail market.
Hudson’s Bay Company ULC has filed for creditor protection under Canada’s CCAA, citing economic challenges, trade uncertainty, and post-pandemic shifts.
Alvarez & Marsal Canada Inc is appointed as the monitor.
Restore Capital has provided interim financing, with more funding sought.
The company aims to restructure, preserve jobs, and secure its future in Canada’s retail market.
