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flag Hudson's Bay faces crucial deadlines this week for binding purchase proposals amid its bankruptcy.

flag Hudson's Bay faces two key deadlines this week that could shape its future. flag Interested buyers must submit binding proposals to purchase the company or its assets, including the Stripes brand, by Wednesday at 5 p.m. flag Separate bids for the leases of Hudson's Bay and its sister Saks properties are due on Thursday. flag Hudson's Bay filed for creditor protection in March, citing financial hardships due to the pandemic, reduced downtown traffic, and trade wars. flag Despite these challenges, there has been a high level of interest from potential buyers, though no formal offers have been made public yet.

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