North America's oldest corporation has struggled through decades of roller coaster business trends, management changes and repositionings.

Hudson’s Bay laid the groundwork for its creditor protection case when it spun its U.S. Saks locations off into a separate entity last year after it purchased luxury department stores Neiman Marcus and Bergdorf Goodman, essentially saving them from the impending closures now set to engulf HBC in Canada.

Hudson’s Bay is set for liquidation as JLL oversees lease sales, with stores closing by June 2025. The retailer’s future remains uncertain amid bankruptcy.