Showing 1 to 12 of 20 results
Hudson's Bay Lease Sale to Liu Faces Landlord Opposition
Hudson's Bay's plan to sell 25 leases to Ruby Liu for $69.1 million is opposed by landlords who allege the sale primarily benefits creditor Pathlight Capital LP, raising concerns about Liu's experience and the project's viability.
Hudson's Bay Lease Sale to Liu Faces Landlord Opposition
Hudson's Bay's plan to sell 25 leases to Ruby Liu for $69.1 million is opposed by landlords who allege the sale primarily benefits creditor Pathlight Capital LP, raising concerns about Liu's experience and the project's viability.
Progress
52% Bias Score
Hudson's Bay Sells Leases Amidst Legal Battles
Hudson's Bay Co. secured court approval to sell six leases for over $5 million, but faces opposition to a larger $69.1 million deal with Weihong Liu for 25 leases, amid its bankruptcy proceedings; the situation highlights disputes between Hudson's Bay, its creditors, and landlords.
Hudson's Bay Sells Leases Amidst Legal Battles
Hudson's Bay Co. secured court approval to sell six leases for over $5 million, but faces opposition to a larger $69.1 million deal with Weihong Liu for 25 leases, amid its bankruptcy proceedings; the situation highlights disputes between Hudson's Bay, its creditors, and landlords.
Progress
44% Bias Score
Hudson's Bay Lease Sale Delayed Amidst Legal Challenges
A Toronto court hearing regarding the sale of 25 former Hudson's Bay store leases to Ruby Liu was delayed due to Liu's lack of legal representation; a court monitor recommended terminating the deal, citing landlord opposition and significant costs to Hudson's Bay.
Hudson's Bay Lease Sale Delayed Amidst Legal Challenges
A Toronto court hearing regarding the sale of 25 former Hudson's Bay store leases to Ruby Liu was delayed due to Liu's lack of legal representation; a court monitor recommended terminating the deal, citing landlord opposition and significant costs to Hudson's Bay.
Progress
48% Bias Score
Billionaire Acquires Hudson's Bay Leases Amidst Brand Sale
Chinese billionaire Weihong Liu purchased up to 28 Hudson's Bay store leases for a new department store concept, while Canadian Tire acquired the Hudson's Bay brand and logos for \$30 million; the deal requires court approval.
Billionaire Acquires Hudson's Bay Leases Amidst Brand Sale
Chinese billionaire Weihong Liu purchased up to 28 Hudson's Bay store leases for a new department store concept, while Canadian Tire acquired the Hudson's Bay brand and logos for \$30 million; the deal requires court approval.
Progress
32% Bias Score
Canadian Tire Bids on Hudson's Bay Intellectual Property
Canadian Tire has reportedly bid on Hudson's Bay's intellectual property, including its famed Stripes brand and Zellers, as part of the department store's creditor protection case; other bidders include Urbana Corp. and Weihong Liu, who is interested in operating some Bay stores.
Canadian Tire Bids on Hudson's Bay Intellectual Property
Canadian Tire has reportedly bid on Hudson's Bay's intellectual property, including its famed Stripes brand and Zellers, as part of the department store's creditor protection case; other bidders include Urbana Corp. and Weihong Liu, who is interested in operating some Bay stores.
Progress
44% Bias Score
HBC Employee Representation Contested Amidst Job Cuts and Financial Crisis
Facing financial difficulties and impending job cuts, Hudson's Bay Co. proposed a law firm to represent its employees during CCAA proceedings; however, another firm representing over 400 employees filed a cross-motion, objecting to the appointment due to concerns over severance, benefit cuts, and a ...
HBC Employee Representation Contested Amidst Job Cuts and Financial Crisis
Facing financial difficulties and impending job cuts, Hudson's Bay Co. proposed a law firm to represent its employees during CCAA proceedings; however, another firm representing over 400 employees filed a cross-motion, objecting to the appointment due to concerns over severance, benefit cuts, and a ...
Progress
40% Bias Score
RioCan Cuts Ties to Five Hudson's Bay Properties
RioCan REIT is cutting financial ties to five properties in a joint venture with the bankrupt Hudson's Bay Company, citing high renewal costs and outstanding debt, despite reporting strong overall portfolio performance with a 20.6 percent increase in new lease rates compared to old ones.
RioCan Cuts Ties to Five Hudson's Bay Properties
RioCan REIT is cutting financial ties to five properties in a joint venture with the bankrupt Hudson's Bay Company, citing high renewal costs and outstanding debt, despite reporting strong overall portfolio performance with a 20.6 percent increase in new lease rates compared to old ones.
Progress
40% Bias Score
Hudson's Bay Seeks Court Approval for $69.1M Lease Sale Amidst Contract Disputes
Hudson's Bay Co. seeks court approval to sell 25 store leases to B.C. billionaire Weihong (Ruby) Liu for $69.1 million, despite prior contract disputes, to open "Ruby Liu" department stores in Ontario, Alberta, and British Columbia, creating about 1,800 jobs and generating $4.7 million in monthly re...
Hudson's Bay Seeks Court Approval for $69.1M Lease Sale Amidst Contract Disputes
Hudson's Bay Co. seeks court approval to sell 25 store leases to B.C. billionaire Weihong (Ruby) Liu for $69.1 million, despite prior contract disputes, to open "Ruby Liu" department stores in Ontario, Alberta, and British Columbia, creating about 1,800 jobs and generating $4.7 million in monthly re...
Progress
48% Bias Score
Hudson's Bay Co. Faces Legal Challenge Over Mismanagement During Wind-Down
Senior lenders of Hudson's Bay Co. are petitioning the court to replace the company's management with a "super monitor" due to alleged mismanagement during its wind-down, citing unnecessary costs such as $2.5 million in rent for a lease deal with Ruby Liu that is facing landlord opposition and an ad...
Hudson's Bay Co. Faces Legal Challenge Over Mismanagement During Wind-Down
Senior lenders of Hudson's Bay Co. are petitioning the court to replace the company's management with a "super monitor" due to alleged mismanagement during its wind-down, citing unnecessary costs such as $2.5 million in rent for a lease deal with Ruby Liu that is facing landlord opposition and an ad...
Progress
52% Bias Score
Hudson's Bay to Pay Down $165 Million in Debt After Successful Liquidation Sales
Hudson's Bay Co. will choose a buyer for its assets and leases by mid-June, after exceeding expectations in liquidation sales that generated $129.5 million, which will be used to pay down $165 million in debt. The company received 17 bids for its assets and 12 for its 39 store leases.
Hudson's Bay to Pay Down $165 Million in Debt After Successful Liquidation Sales
Hudson's Bay Co. will choose a buyer for its assets and leases by mid-June, after exceeding expectations in liquidation sales that generated $129.5 million, which will be used to pay down $165 million in debt. The company received 17 bids for its assets and 12 for its 39 store leases.
Progress
36% Bias Score
Hudson's Bay Exceeds Liquidation Sales Projections Amidst Asset Sale
Hudson's Bay Co. is selling its assets and leases separately; 18 bidders showed interest in 65 leases, while liquidation sales from March 15 to April 18 reached $235.7 million, exceeding projections, though sales are slowing; the company's art and artifacts will also be sold.
Hudson's Bay Exceeds Liquidation Sales Projections Amidst Asset Sale
Hudson's Bay Co. is selling its assets and leases separately; 18 bidders showed interest in 65 leases, while liquidation sales from March 15 to April 18 reached $235.7 million, exceeding projections, though sales are slowing; the company's art and artifacts will also be sold.
Progress
36% Bias Score
Hudson's Bay Seeks Legal Counsel for Employees Amid Mass Job Cuts
Hudson's Bay Co., facing liquidation, is cutting thousands of jobs and ending benefits, prompting a court request to appoint new legal counsel for affected employees, and talks with lenders for a hardship fund to aid those facing financial strain.
Hudson's Bay Seeks Legal Counsel for Employees Amid Mass Job Cuts
Hudson's Bay Co., facing liquidation, is cutting thousands of jobs and ending benefits, prompting a court request to appoint new legal counsel for affected employees, and talks with lenders for a hardship fund to aid those facing financial strain.
Progress
36% Bias Score
Showing 1 to 12 of 20 results