Canadian Press NewsAlert: Hudson’s Bay seeks creditor protection, plans restructuring

By Canadian Press on March 7, 2025.

TORONTO — Hudson’s Bay, Canada’s oldest company that dates back to 1670, has filed for creditor protection and intends to restructure the business.

The department store company says it has been facing significant pressures, including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic drops in downtown store traffic.

More coming.

The Canadian Press