Hudson's Bay Company being wound up?

[Keith_Beef]

I just stumbled upon this article.

Hudson’s Bay plans ‘immediate’ liquidation of entire business - National | Globalnews.ca

In a late Friday announcement, Canada's oldest company said it couldn't secure the necessary financing to keep at least some of its empire alive.

globalnews.ca

 

[ijohnson]

National Realty and Development Corp. Equity Partners* bought Hudson’s Bay in 2008

* My Bold.
Says it all really.

The modern way seems to be as soon as anything is worth something, and they have the chance, private equity will buy it up and gouge it out and leave a hollowed out corpse in its wake.