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#thebay

2 posts1 participant0 posts today
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Edwin G. :mapleleafroundel:

The Hudson’s Bay Company wants to auction off their artwork, artifacts, including their Royal Charter (founding document).

cbc.ca/news/canada/manitoba/hu
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La Compagnie de la Baie d’Hudson souhaite mettre à l’encan ses œuvres d’art, des artéfacts, incluant sa Charte royale (document fondateur).

ici.radio-canada.ca/nouvelle/2

CBCHudson's Bay looks to auction off royal charter that launched company 355 years ago | CBC NewsHudson's Bay has asked a court to allow it to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts.
#Canada#CCAA#LACC
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Edwin G. :mapleleafroundel:

HBC is asking a 3 day delay before starting liquidation on their 6 other stores.

Opinion: I guess they still have hope.

cbc.ca/news/business/hudsons-b
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HBC demande un délai de 3 jours avant de commencer la liquidation dans leurs 6 autres magasins.

Opinion: Je suppose qu’ils ont encore espoir

// Article en anglais //

CBCHudson's Bay wants court to OK agreement that offers it a few extra days to save 6 stores | CBC NewsHudson's Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days to save the six stores it has so far spared from liquidation.
#Canada#CCAA#LACC
Replied in thread
Public
Edwin G. :mapleleafroundel:

HBC managers will get their bonuses and employees will not get severance pay.

Opinion: Euh… bonuses should not be awarded for a company failing. It should be reversed.

cbc.ca/news/business/hudons-ba
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Les gestionnaires de HBC recevront leurs bonus et les employés ne recevront pas d’indemnités de départ.

Opinion : Euh... les bonus ne devraient pas être accordés pour l'échec d'une entreprise. Ça devrait être l’inverse.

// Article en anglais //

CBCHudson's Bay managers will get up to $3 million in bonuses, but workers get no severance | CBC NewsThe beleaguered Hudson's Bay Co., which plans to close most of its 96 stores by the end of June, will pay up to $3 million total in retention bonuses to 121 managers and executives — but will not pay severance to its more than 9,300 workers, most of whom will soon lose their jobs. 
#Canada#CCAA#LACC
Continued thread
Public
Edwin G. :mapleleafroundel:

HBC authorized to start liquidating on Monday, except in 6 stores. They are also authorized to seek a buyer for the rest of the business - in full or parts.

Article: theglobeandmail.com/business/a
Archive: archive.today/2025.03.21-20431
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HBC a été autorisée à commencer la liquidation, à l’exception de 6 magasins. Ils ont également été autorisés à chercher un acheteur pour le rest de l’entreprise - au complet ou en partie.

ici.radio-canada.ca/nouvelle/2

The Globe and Mail · Hudson’s Bay liquidation to start Monday, pending court approvalBy Susan Krashinsky Robertson
#Canada#CCAA#LACC
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