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May 30, 2025 · A letter Saks Global filed in a New York lawsuit against Pathlight Capital LP says the lender’s failure to support Hudson’s Bay and its move to allegedly deprive it of much …
Jul 23, 2025 · Saks argues that Pathlight acted in bad faith and refused to take any actions that would have allowed Hudson's Bay to cover its liquidity needs.
May 30, 2025 · Hudson's Bay had exempted six stores from clearance sales in the hopes of finding a buyer or investor, but later added those stores, marking the demise of the 355-year …
Mar 21, 2025 · The latest casualty in this evolving landscape is Hudson’s Bay, the owner of luxury department store Saks Fifth Avenue, which has been given the green light by an Ontario court …
With little hope left, Canada's oldest company decided to take its liquidation even further and is due to sell off all merchandise at its 80 stores and 16 under the Saks name by Sunday.
Mar 17, 2025 · Over the years following his improbable purchase of HBC Corp. from the widow of its previous owner, Baker hollowed out and eventually closed all of Hudson Bay Company’s …
May 30, 2025 · Saks Global is putting some of the blame for Hudson’s Bay’s demise on one of the faltering department store’s top lenders.
Saks Fifth Avenue and Saks Off 5th stores in Canada were licensed by Saks Global and operated by HBC, and closed alongside the full-line Hudson's Bay stores with the liquidation of HBC in …
May 31, 2025 · Saks Global accuses lender Pathlight Capital of contributing to Hudson’s Bay’s liquidation, as legal disputes unfold amid department store’s shutdown.
May 17, 2025 · The decision came after it entered into bankruptcy. 'The Hudson's Bay and Saks Fifth Avenue stores in Canada are expected to operate no later than June 15, 2025, however, …
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