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The Independent UK
The Independent UK
National
Via AP news wire

Canada's oldest company to liquidate all but 6 stores starting Monday

Canada Hudson Bay Peter Osborne
Canada Hudsons Bay - (THE CANADIAN PRESS)

An Ontario court on Friday gave Hudson’s Bay, Canada’s oldest company, permission to start liquidating all but six of its stores on Monday.

The approval from Ontario Superior Court Judge Peter Osborne allows the retailer, which dates back to 1670, to begin selling off inventory at most of its 80 Hudson’s Bay stores, three Saks Fifth Avenue locations and 13 Saks Off 5th shops in Canada.

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