TORONTO — Canada’s oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward. The department store chain with 80 stores says it has been forced toward a full liquidation because exhaustive efforts haven’t turned up the financing the company needs to restructure.

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Hudson’s Bay may shutter permanently as it fails to secure restructuring funds. Liquidation sales could begin next week, marking the end of Canada’s last department store.

TORONTO - Canada's oldest company Hudson’s Bay says it will begin liquidating its entire business as soon as next week unless it finds a more viable path forward.

A closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.