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Ontario judge rejects Hudson's Bay's restructuring, pushing the company closer to receivership.
An Ontario judge has rejected Hudson's Bay's restructuring agreement, increasing the likelihood of the company entering receivership.
Hudson's Bay, under creditor protection due to severe financial troubles, has already begun liquidating most of its stores, with only six remaining open.
The agreement's rejection means lenders may now seek control over the company's assets to repay creditors.
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El juez de Ontario rechaza la reestructuración de Hudson's Bay, empujando a la empresa más cerca de la administración.