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Hudson's Bay faces crucial deadlines this week for binding purchase proposals amid its bankruptcy.
Hudson's Bay faces two key deadlines this week that could shape its future.
Interested buyers must submit binding proposals to purchase the company or its assets, including the Stripes brand, by Wednesday at 5 p.m.
Separate bids for the leases of Hudson's Bay and its sister Saks properties are due on Thursday.
Hudson's Bay filed for creditor protection in March, citing financial hardships due to the pandemic, reduced downtown traffic, and trade wars.
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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Hudson's Bay se enfrenta a plazos cruciales esta semana para propuestas de compra vinculantes en medio de su bancarrota.