Hudson’s Bay is still waiting to see if it will be granted approval to liquidate stores as the retailer requests more time to work out some of its differences with its myriad of landlords, lenders and other partners.
The department store giant was in court Wednesday, where its lawyers asked for up to two more days to resolve contested issues. During prior hearings, halting rent payments to RioCan Real Estate Investment Trust, which it holds property with through a joint venture, and other vendors were disputed.
Ashley Taylor, a lawyer representing Hudson’s Bay, told Ontario Superior Court judge Peter Osborne, “we have had good, constructive discussions,” but asked for more time to keep that dialogue going….