But then again, this is how crapitalism works.
Hudson’s Bay to liquidate entire business, still seeking additional capital
TORONTO — The death knell is ringing for Canada’s oldest company.
Hudson’s Bay announced Friday night that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk.
The department store chain that dates back to 1670 and now spans 80 stores said it has been forced toward a full liquidation because “exhaustive” efforts haven’t turned up the financing it needs to keep at least some of its empire alive.
A closure of the entire business, which is planned pending a court appearance set for Monday, would mean job losses for 9,364 employees the company has in Canada across its Hudson’s Bay stores ...
I spent many hours and days in both The Bay, and Simpson's over the years, but not for over a quarter century.
Sadly, it's time appears to have come and gone.
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