Lender Willing to Provide Extension for Bay to Rescue Remaining Stores from Liquidation

March 27, 2025 TruthUSA

One of Hudson’s Bay’s lenders is willing to support changes to a restructuring agreement to provide the retailer with additional time to save six stores from liquidation.

A lawyer representing Restore Capital LLC expressed openness to extending the deadline for Hudson’s Bay to start liquidating its six remaining stores from April 8 to April 30 if a viable transaction is not identified by the day before.

Restore Capital wants to address ongoing disagreements in court, leading them to offer the deadline extension.

Landlords have raised concerns about the initial deadline conflicting with a court-approved process to attract potential investors or buyers, which grants a bid deadline of April 30.

They argue that the agreement restricts Hudson’s Bay from restructuring and pushes it toward full liquidation rather than supporting survival.

Hudson’s Bay has initiated liquidation for most of its stores but spared six locations in the Greater Toronto and Greater Montreal areas.