Hudson's Bay Company plans to liquidate entire business by June, putting more than 9,000 jobs at risk

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By News Room 8 Min Read

A Canadian retail icon is on its last legs as Hudson’s Bay Company plans to liquidate its entire business by June, with the process starting as early as next week.

Pending court approval on Monday, the centuries-old retailer plans to liquidate its inventory, furniture, fixtures, and equipment at its 80 stores across the country by June 15. The company will also monetize its leases with landlords and kick off a sales process to seek last-minute buyers or investors for its distressed business, according to court documents.

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