A surprise late-night bid that emerged Sunday for the 355-year-old royal charter that launched the Hudson’s Bay Co. has further delayed a legal process governing the auction of the historic document. www.theglobeandmail.com/business/art...

The son of the late DavidsTea founder Herschel Segal is calling for an overhaul of the retailer’s leadership, accusing the company of “abysmal corporate governance and management,” and saying his half-sister is not fit to continue as chief executive officer. www.theglobeandmail.com/business/art...

On the Globe's podcast today, talking about the competing bids to buy the Hudson's Bay charter -- and who gets to determine the fate of a one-of-a-kind piece of history. www.theglobeandmail.com/podcasts/the...

A deal to sell the 1670 Hudson's Bay charter to the Weston family was scheduled to go before a court hearing for approval tomorrow. But it's been adjourned, after other parties have expressed interest in the historic document. www.theglobeandmail.com/business/art...

Manulife is steering patients who take the popular diabetes and weight-loss drugs Wegovy and Mounjaro to Shoppers Drug Mart to fill prescriptions, just a year after cancelling a similar “preferred provider” arrangement that triggered public backlash. www.theglobeandmail.com/business/eco...

This week, I get to work with the amazing team that produces The Globe's daily podcast, The Decibel. For my first ep as guest host, I spoke with @jasonkirby.bsky.social about how the Air Canada strike tested Canada's labour laws, and what it could mean for future disputes. pod.link/thedecibel/e...

Groups representing First Nations and cultural institutions are raising questions about the transparency of the process to sell the 1670 Hudson's Bay charter -- a document that played a foundational role in Canada’s history. www.theglobeandmail.com/business/art...

While offering $12.5M for the 1670 royal charter that launched the Hudson’s Bay Co. – a one-of-a-kind document in Canada’s history – the billionaire Weston family urged those overseeing the sale not to allow the artifact to go up for bidding at auction. www.theglobeandmail.com/business/art...

Clandestine surveillance, allegations of unsafe chicken and a broken business relationship: the story behind a Canadian lawsuit against Popeyes Louisiana Kitchen www.theglobeandmail.com/business/art...

The new court documents are also seeking a “super monitor” to take over the operations of the failed retailer, arguing Hudson's Bay has mismanaged the wind-down of the business to the detriment of lenders. Hudson's Bay countered that it has been "responsible and diligent" in managing the process.

Some Hudson’s Bay senior lenders are asking the court to terminate a contentious deal to sell store leases to Ruby Liu, arguing that landlord opposition means the deal is unlikely to succeed and is wasting cash that should be used to repay the company’s debts www.theglobeandmail.com/business/art...

B.C. mall owner Weihong (Ruby) Liu will move forward with plans to open department stores in 3 former Hudson’s Bay locations, after receiving court approval to take over the leases. But Ms. Liu still faces opposition from landlords for 25 other leases. www.theglobeandmail.com/business/art...

Landlords at 25 former Hudson’s Bay stores decided to oppose B.C. mall owner Wiehong Liu’s deal to take over their leases, after recent meetings in which Ms. Liu was unable to provide details about how she will operate the stores, according to sources. www.theglobeandmail.com/business/art...

Billionaire B.C. mall owner Weihong Liu has agreed to pay $6-million to take over three leases at former Bay stores located in shopping centres she controls. But an offer to acquire up to 25 additional locations has raised "concerns" among some landlords. www.theglobeandmail.com/business/art...

Just weeks after shutting all of its department stores across Canada, Hudson’s Bay Co. is seeking to change its historic name, court documents show -- a requirement of the $30M deal to sell its intellectual property to Canadian Tire. www.theglobeandmail.com/business/art... #retail

Former Hudson’s Bay Co. employees who face the loss of long-term disability benefits will have that support extended until July 15, while lawyers continue discussions about further possible financial relief. www.theglobeandmail.com/business/art...

A billionaire B.C. mall owner who is seeking to acquire up to 28 Hudson’s Bay store leases is likely to run into trademark issues if she moves forward with a plan to launch department stores called “New Bay,” experts say. www.theglobeandmail.com/business/art... #retail

Canadian clothing retailer Oak + Fort has been granted court protection from its creditors, blaming an ill-conceived store expansion and U.S. tariffs for its financial crisis. www.theglobeandmail.com/business/art... #retail

Canadian Tire’s $30M deal for Hudson’s Bay’s intellectual property has received court approval, paving the way for the acquisition of the historic retailer’s brand names, logos, and designs, including the iconic stripes and point blanket patterns. www.theglobeandmail.com/business/art...

When Hudson’s Bay closed the doors of all of its department stores for the final time on Sunday, it marked not only the disappearance of a historic retailer, but also a new problem for landlords across Canada: millions of square feet of empty space. www.theglobeandmail.com/business/art... #retail

“If you see it, you like it, you buy it – because it won’t be here when you come back,” the voice over the loudspeaker said. "I promise." My dispatch from the last days of Hudson's Bay, as Canada's oldest retailer prepares to close this weekend: www.theglobeandmail.com/business/art... #retail

Exclusive: A group of former Hudson's Bay executives, led by Bonnie Brooks, was working on a proposal that would have kept at least a dozen stores open, and saved more than 1,000 jobs. But the plan fell short in the final bidding process. www.theglobeandmail.com/business/art...

Canadian Tire’s $30M deal to acquire the Hudson’s Bay IP includes a trove of brand names, logos and slogans, as well as private labels such as Distinctly Home and Hudson North. But the deal does not include Zellers, court documents show. www.theglobeandmail.com/business/art... #retail

By the time Hudson’s Bay winds up its liquidation sales this Sunday, the vast majority of its employees – more than 8,300 people – will have been terminated without severance payments, court documents show. Dozens more will lose long-term disability benefits. www.theglobeandmail.com/business/art...

Uncertainty around the future of long-term disability benefits for Hudson’s Bay employees highlights inaction by the Ontario government, which did not follow through on a 2014 piece of legislation designed to protect vulnerable workers. From Clare O'Hara + me: www.theglobeandmail.com/business/art...

This week, Hudson's Bay added the final handful of stores to its liquidation sales, setting the clock ticking on the demise of the 355-year-old company. But former insiders say the Bay didn’t have to end up this way. My feature story here: www.theglobeandmail.com/business/art... #retail

Breaking news: Hudson’s Bay will begin clearance sales at six stores that the retailer previously left out of the liquidation; court document cites a “low probability” a buyer will emerge for those stores. www.theglobeandmail.com/business/art...

Hudson’s Bay Co. has received expressions of interest for dozens of its leases, some of which have come from potential bidders for the retail business. www.theglobeandmail.com/business/art... #retail

MEC has found a buyer. Tim Gu, an Ontario apparel manufacturing executive and real estate investor, is poised to acquire the outdoor retailer, according to a source. The deal follows a months-long search for investment to revive the business. www.theglobeandmail.com/business/art... #retail

Several government organizations have sent letters to Hudson’s Bay detailing their concern about a proposed auction of its historic artifacts – including the 1670 charter that launched the company and played a significant role in the country’s history. www.theglobeandmail.com/business/art...

Hudson’s Bay is asking the court to appoint new legal counsel for its employees as it prepares for more job cuts in the coming weeks, and is also in talks with its lenders to create a “hardship fund” for those facing financial strain as benefits are cut off. www.theglobeandmail.com/business/art...

Hudson’s Bay Co. has confirmed previous reporting by The Globe, announcing it intends to auction off historically significant artifacts it still owns, including its 1670 charter that played a pivotal role in the history of Canada. www.theglobeandmail.com/business/art...

Mountain Equipment Co. may have found a buyer for its struggling retail operations, a competition review suggests, after a months-long search for investment to prop up the business. www.theglobeandmail.com/business/art... #retail

A law firm representing Hudson’s Bay Co. employees is raising the alarm about long-term disability payments, which are paid out of the company’s cash and are uninsured, leaving people at risk of losing their benefits as the retailer liquidates its operations www.theglobeandmail.com/business/art...

Canada’s federal competition watchdog is investigating Express Scripts, a large player in managing insurance claims at drugstores, and that also operates mail-order pharmacies, after a pharmacists’ group accused the company of anti-competitive practices. www.theglobeandmail.com/business/art...

A document describing "insider protocol" has been distributed to people involved in the Hudson’s Bay sale process, suggesting a member of the retailer’s management or other insider may be considering a bid for part of the Bay’s operations, assets or leases. www.theglobeandmail.com/business/art...

Multiple parties have expressed interest in the sale process for Hudson’s Bay, sources say. Outside bidders have until the end of the month to decide whether they will actually submit a proposal to acquire part of the business or its assets. www.theglobeandmail.com/business/art... #retail

As Hudson’s Bay seeks a plan to salvage part of its business, Canada’s oldest retailer is also considering the future of its collection of art and artifacts – including its original 1670 royal charter that played a pivotal role in the country’s history. www.theglobeandmail.com/business/art...

Exclusive: Hudson's Bay sales fell by nearly 33% last year to $1.1B, according to a confidential memo. The retailer is proposing a restructuring plan for 6 stores that would require a buyer/investor to put $82M into the operations in the first year. www.theglobeandmail.com/business/art... #retail

Breaking: Hudson’s Bay has informed senior executives that their pension payments will be cut. The trustee will be winding up the pension plan, according to a letter obtained by The Globe and Mail. www.theglobeandmail.com/business/art... #retail

Why aren't the likes of Chanel part of the Hudson's Bay liquidation? Luxury brands are fiercely protective of their image – and their full-price position. When department stores go under, many big names head for the exits. www.theglobeandmail.com/business/art... #retail

Breaking news: A proposed agreement to give Hudson’s Bay’s senior lenders control over the retailer’s restructuring has been denied by the court – introducing the possibility those lenders will attempt to push the company into receivership. www.theglobeandmail.com/business/art... #retail

BREAKING: Hudson’s Bay Co. has terminated the jobs of nearly 200 corporate employees – the first in what is expected to be a wave of job losses as the retailer liquidates the majority of its stores. www.theglobeandmail.com/business/art... #retail

Landlords for Hudson's Bay have urged the court not to approve an agreement that they say would give the retailer's senior lenders too much control over the restructuring process, and would reduce HBC's chances of coming up with a plan for its future www.theglobeandmail.com/business/art... #retail

Hudson’s Bay is seeking approval for an agreement with its senior lenders that would place a time limit on saving 6 stores left out of liquidation for now. But some are opposing the deal, saying it gives the lenders too much control over HBC's future www.theglobeandmail.com/business/art... #retail

"Everybody is worried." Hudson's Bay employees are working harder than usual as traffic has spiked with news of the stores' liquidation -- all while they fear for the likely thousands of layoffs to come. www.theglobeandmail.com/business/art... #retail

The liquidation of most Hudson's Bay stores has now been approved by the court.

The stores exempted from the Hudson's Bay liquidation sale, for now: -flagship at Queen and Yonge in Toronto -downtown Montreal -Yorkdale mall, Toronto -Hillcrest Mall in Richmond Hill, Ont. -Carrefour Laval in Laval, Que. -Pointe-Claire, Que.

In court right now, Hudson’s Bay Co. is seeking approval to begin liquidation of all but six of its locations across Canada, starting on Monday, though the retailer is still hoping to save some of its stores. www.theglobeandmail.com/business/art... #retail