Hudson's Bay is in court seeking permission to liquidate most of its stores while keeping six open after unexpectedly good sales. The company is attempting to restructure and mitigate the impact of potential closures on 9,364 employees. If a viable restructuring solution isn't found quickly, the remaining six stores may also face liquidation. Stakeholders are negotiating as the impact on employees and company finances remains at the forefront of discussions.
Hudson's Bay seeks to liquidate most of its stores but has found a way to keep six open, thanks to unexpected sales exceeding expectations.
The potential closure of 80 Hudson's Bay and other stores poses serious implications for nearly 10,000 employees, influencing ongoing court proceedings.
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